Gulf News reported that Arabtec is in close negotiations to acquire a major piling contractor, which will help it to consolidate its construction business.

Mr Riad Kamal chairman of Arabtec said that Arabtec, which is constructing Burj Dubai, has an order backlog of AED 34 billion, including AED 24 billion worth of construction projects within the Middle East & North Africa region.

He added that "We are in the final negotiations for acquiring a major piling company that will help us to manage the entire supply chain and help us to undertake projects on turnkey basis. We are continuously on the lookout for opportunities that add value to our shareholders at the same time create synergies with our existing business."

Arabtec is a consortium partner with Samsung Corporation and Besix in constructing Burj Dubai, which rose to 160 floors, the highest habitable floor in any tower in the world.