Arabtec has taken a long-term lease for the entire commercial tower which is being built as part of Aldar's World Trade Centre development on the site of Abu Dhabi's former central market. The new office building, which is expected to be delivered in September, will support the contractor's expansion plans, including its decision to expand into the oil & gas and infrastructure sector, as well as building its MEP, facilities management and affordable housing businesses. Arabtec gained shareholder approval to raise up to $1.75bn earlier this week – $1.3bn through a pair of rights issues, and $450m through non-convertible bonds. Arabtec has said that its headquarters will remain in Dubai, but that the new 59-storey tower will provide both the main construction arm and its subsidiaries with a base from which to grow within Abu Dhabi.