Dubai PR Network, Online Press Release from Dubai and Middle East
 
Infrastracture, Construction & Manufacturing(Real Estate & Retail)
Filter PR by
  
AED 663 Million Project Wins for DSI in KSA &UAE
 

[Dubai, 16 April, 2013] Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil and Gas, has been awarded a set of Engineering and General Contracting contracts collectively worth AED 663 million for three government complexes in Mecca, Abu Dhabi and Sharjah.

DSI is currently gearing its operations to mobilize on projects sites immediately. The estimated completion date for the government facility in Abu Dhabi is Q1 2015 whereas the facilities of Mecca and Sharjah are due for handover in Q4 2013 and Q2 2015 respectively.

Commenting on the awards Khaldoun Tabari, CEO of Drake & Scull International, said: “KSA and the UAE continue to be our main growth markets in the GCC as we have managed to secure a series of consecutive contracts in these areas year to date.” 

“These latest projects will shortly start contributing to the revenue stream and profitability of the company as productivity on site increases. The integration of our General Contracting and Engineering businesses has proven to be a key element to our successful bids across all sectors and we expect this trend to continue onwards.”

DSI closed the year 2012 with a record high backlog of AED 9.1 billion as of the 31st of December. The company has been earlier awarded in Q1 three separate contracts by Al Rajhi Bank with a combined value of AED 287 million to construct the bank's Cash Centre, Operations Centre and a major Data Centre facility in Riyadh. The company has also secured an AED 82 million contract for the construction of a government utility project in Abu Dhabi in March 2013. The Company managed to secure AED 1.1 billion worth of work in KSA, Qatar and Abu Dhabi in Q1 2013 and is poised for significant growth in Q2 as projects award momentum increases in these markets.


Posted by : Dubai PR Network Editorial Team
Viewed 7753 times
PR Category : Real Estate & Retail
Posted on : Wednesday, April 17, 2013  8:16:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Avantha Group Company CG Awarded $60 Million Contract by Min...
Next Story : Ducab, platinum sponsor of WETEX 2013
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation to Revive... [6999-Views]
Olay Eyes Hydra Gel [5826-Views]
Maillon De Cartier Watch [4317-Views]
LG Prioritizes Home Comfort With Latest Air Conditioners for GCC Market [4264-Views]
6 Steps X 6 Products from Essence: The Shortcut that Perfects Skin - Now more than ever, S... [4260-Views]
Kristina Fidelskaya A/W 2020 Collection “Dream” [4260-Views]
Eid Gifts From The Body Shop [4170-Views]
Ralph Lauren Expands Its Earth Polo Offering, Reinforces Commitment to Protecting the Envi... [3993-Views]
Happy Eid with Parmigiani Fleurier Toric Fleur [3801-Views]
Vatika Focuses on Making Quarantine a Quality Time With New Viral Campaign [3735-Views]
Your at-Home Spa Guide With Skin Republic [3719-Views]
Sony Middle East & Africa Launches New Compact 4K Handycam® Camcorder with Advanced Image ... [3428-Views]
Dubai Sports Council Thanks Wise Leadership for Its Protection and Care of the Community [3341-Views]
UAE Banks Among Top Performing in GCC, KPMG Report Finds [2972-Views]
Dubai Customs: Strategic Plan to Curb Corona [2899-Views]
Etihad Guest Rewards Members While Staying Home [2698-Views]
Denim Culture [2644-Views]
Etihad Holidays to Be Operated by Dnata Travel Group In the UK [2456-Views]
Mohap Hails Family Doctors' Efforts in Countering Covid-19 Crisis [2427-Views]
Pure Health Launches Covid-19 Field Laboratory at Sharjah Expo Centre [2374-Views]
Celebrate Father's Day With Parmigiani Fleurier Tondagraph Slate [2341-Views]
Lenovo's Tech Gift Guide [2321-Views]
First Range Rover Made Under Social Distancing Measures Comes Off Jaguar Land Rover's Sol... [2247-Views]
Made in Italy, ICSA® Issues a Notification of Counterfeit Products Found in the Kingdom of... [2177-Views]
Karl Lagereld Drives Digital Innovation With Launch of the “Maison Karl Lagerfeld” Game [2157-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories