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Article: Intelspec to acquire stake in UAE construction group.
- Article from:
- ADP News Middle East & Africa
- Article date:
- June 8, 2009
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(ADP News) - Jun 8, 2009 - Intelspec International Inc, a US-based provider of civil construction and engineering services, has signed a memorandum of understanding to acquire a controlling interest in North Coast Construction, a UAE-based general construction firm, in a stock for stock exchange.
The transaction is anticipated to close by August 1, 2009.
North Coast is a two-year-old company engaged in the construction of residential and industrial projects. The company also owns property that is being developed internally into middle market residential villas and apartments targeted at the local rental market. North Coast has in-house engineering staff ...