Construction

Drake & Scull bags $68.3mn Abu Dhabi government contract

Government contract win adds to MEP contractor’s growing portfolio in Abu Dhabi

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RELATED ARTICLES: DSI signs $113 million MEP deal for Abu Dhabi Louvre Museum | DSI signs $63.4mn deal with Arabtec for Fairmont Abu Dhabi project | DSI wins $460mn Saudi tower project Drake & Scull International PJSC (DSI) has been awarded a $68.3 million contract for a major government facility in Abu Dhabi, a company statement said. The company, known for its integrated design, engineering and construction operations in General Contracting, MEP, Power, Rail and Oil & Gas, now has $1.6 billion worth of projects across the region. Functions included in the contract are electro-mechanical works of the hardscape and landscape components of the facility, and it is scheduled for completion in 2014. This award adds to the company’s contract wins in the emirate, including the Iconic Fairmont Hotel and the Louvre Museum announced earlier in Q3 2013. “Abu Dhabi continues to add momentum to our growth strategy in 2013 and we aim to further cement our strategic position in this promising market that represents lucrative potentials to our business streams across all sectors. We remain optimistic on our growth prospects in the second half of the year and our focus remains on delivering on our record high backlog standing at $3.1 billion (AED 11.7bn) as of the 30th of June 2013″, said Khaldoun Tabari, CEO of Drake & Scull International. The company successfully achieved total revenues of $6.9 million and total net profit of over $31.28 million for the first half of 2013 ended June 30th, the statement added.

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