Dubai Court declares Arabtec bankrupt, approves liquidation of its assets

Dubai Courts declared Arabtec Holding Company bankrupt and approved the liquidation of its assets in a final ruling on Monday. The ruling also applies to Arabtec subsidiaries, including Arabtec Construction LLC, Austrian Arabian ReadyMix Concrete Company, Arabtec Precast LLC, Emirates Falcon Electromechanical Company (EFECO), Arabtec Construction LLC, and Emirates Falcon…