DSI wins MEP contracts worth $26.13m in Oman
Contractor to oversee complete MEP works, including design, supply, installation and testing
Drake and Scull International, the MEP and construction contractor, announced on Tuesday that it had been awarded a series of MEP contracts in Oman, worth a total of $26.13m.
Under the terms of the contract, DSI will oversee the complete MEP works, including the design, supply, installation, testing and commissioning, the company said. The deals come on the back of Oman’s plans to upgrade its housing and infrastructure over the next 10 years, turning it into one of the region’s most promising construction markets.
“The future developments in Oman represent an ideal opportunity for DSI to use its proven engineering technologies and regional experience – particularly in the MEP and Water and Power domains – to help expedite the growth of Oman’s construction industry,” said Khaldoun Tabari, CEO of Drake and Scull International.
The Sultanate’s construction sector is expected to increase in worth to $3.8bn in 2012, with the potential to grow to $5.4bn by 2016. Two areas that show the most potential are the energy and utility sectors, dovetailing with DSI’s current expansion plans, Tabari said.
“Our latest set of contracts reflects to serve multiple sectors and we are eyeing more ventures as Oman rolls out its development plans for the coming years,” he added.
While the contractor has been fortifying its presence in key GCC markets, it has also been extending its operational reach into Africa and Asia. Tabari said that the company expected to gain more Omani contracts because of its strength in the market and extensive engineering expertise.
He added that DSI’s reputation for maintaining the highest standards of quality, health and safety was already paying dividend and attracting potential partners in Oman.
