Drake & Scull wins $40m project in Algeria
The company has also managed to secure $323mn worth of work in the GCC, India and Europe in 2014 year to date
Saleh Muradweij, Managing Director, Drake & Scull Construction
Drake & Scull International’s (DSI) general contracting arm, Drake & Scull Construction (DSC), has been awarded a turnkey project worth $40 million to build a mixed-use development in Algiers, Algeria. Under the terms of the contract, DSC will undertake the civil construction portion of the project, which covers a total built up area of approximately 66,500sqm. The development comprises of multi-storey residential units which also contain commercial retail space in the capital city.
Saleh Muradweij, Managing Director for Drake & Scull Construction, said: “We are delighted to have been chosen for this important and prestigious development in Algeria. Algeria remains one of our key growth areas and our gateway into the North African market and our teams will utilise our experience in the region and our skilled workforce to deliver more mega projects in the future. We remain optimistic about the potential of the Algerian real estate sector and we hope to consolidate our position as one of the leading General Contractors in North Africa in the near future.”
DSI has major presence in Algeria and is currently undertaking several projects across the residential, commercial and waste water sectors. Year to date, DSI managed to secure $323 million worth of work in UAE, KSA, Kuwait, Europe and India across the Engineering, General contracting and Waste Water sectors.
DSI continues to enhance and strengthen its services offering with vertical integration and global footprint. The collaborative capabilities of the Engineering services (MEP and Water and Power), General Contracting, Oil and Gas, Rail and Infrastructure development is expected to continue delivering strong performance quality work on project sites.
Armed with a multicultural workforce, inherent financial strength and solid regional experience, the company’s outlook remains positive in terms of realising greater profitability and improving productivity across MENA, South Asia and Europe.
