Abu Dhabi’s Al Jaber Says Wins $545m Road-Building Contracts

A subsidiary of Abu Dhabi’s Al Jaber Group has won two road-building contracts in the emirate worth about Dhs2 billion ($545 million) combined, the company said on Monday.

Abu Dhabi General Services Co awarded the contracts to Al Jaber Transport & General Contracting for improvements to two sections of the highway from Mafraq on the outskirts of Abu Dhabi to Al Ghwaifat on the Saudi border and near Qatar.

Family-owned Al Jaber Group’s main business is construction but it also has interests in areas from retail to aviation.

It sealed a drawn-out debt restructuring agreement last June which is said to have set new terms on around $4.5 billion of obligations.