UAE construction firm Arabtec to enter insolvent liquidation
Arabtec's Burj Khalifa in Dubai, the world's tallest building (Credit: Shutterstock.com/andersphoto)
Shareholders of the Middle East's largest contractor, Arabtec, have announced it will file for liquidation “at the earliest opportunity”, despite a small group among them making a last-ditch restructuring proposal on Monday.
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