A unit of Arabtec Holding won a AED 366 million contract from Emaar Misr to build a residential project in Egypt. Emaar Misr, the Egyptian arm of Dubai's largest listed property developer, awarded the contract to Arabtec Construction to build 42 town houses, 18 residential buildings and seven bungalows, along with supporting infrastructure and landscaping at Greek Village on the north coast of Egypt. The contract work is expected to commence immediately for a duration of 36 months.