Arabtec Holding PJSC has announced its intention to open an office in the Iraqi capital, Bagdad, to capitalize on the country’s high potential, particularly in oil and gas and infrastructure.

The opening of Arabtec’s office in Baghdad to facilitate the company’s planned growth in the Iraqi Market is in line with the Company’s business growth strategy to diversify into higher-margin segments, particularly infrastructure and oil and gas.

The office will serve as a platform for expansion by Arabtec Holding’s joint ventures and subsidiaries, in what is expected to become the the region’s most lucrative construction market. Arabtec is already in advanced discussions with a number of clients in Iraq for large-scale projects in its target sectors