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Category: Corporate World

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, and wastewater treatment, has announced that its Engineering subsidiary Drake & Scull Engineering (DSE) has won a AED 290 Million contract to undertake MEP works for a high end luxury mixed use development project in Downtown Dubai, which is scheduled for completion in 2016.

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Under the terms of the agreement, DSE will provide detailed MEP works, including supply, installation, testing and commissioning for the mixed use development. The project win raises DSI’s total project awards to AED 1 Billion in value in the first 4 months of 2015.

Ahmad Al Naser, Managing Director, Drake & Scull Engineering, said: “We are pleased to continue our positive start to 2015 by securing the contract for the prestigious mixed use Downtown Dubai development. The project award is a significant milestone in our five decade history in the UAE, which continues to be a major market for the DSI PJSC group of companies. We are delighted to have secured the Jewel of the Creek MEP contract and the AED 334 Million iconic hotel project in Dubai earlier this year. We look forward to a year of growth and consolidation across all our key markets. We are optimistic about the potential of Dubai’s real estate sector as it moves ahead with the Expo 2020 related construction activities. With our advanced engineering capabilities, regional expertise and nearly 5 decades of local experience, DSE is hopeful of maintaining its positive momentum by picking up more projects across MENA and Asia in 2015. We are also excited about the progress of the UAE’s urban transport projects, including Etihad Rail where DSE is looking to play a vital role.”

DSI continues to enhance and strengthen its services offering with unmatched vertical integration and global footprint. The company has been awarded a series of prestigious projects in the UAE in the recent past, including a AED 403 million joint venture agreement between DSI and Habtoor Leighton Specon for the Al Habtoor City and a AED 105 sub-contract with Khan Saheb Civil Engineering for the Mall of the Emirates expansion project in Dubai. DSI also won a AED 110 million deal for Plaza View, a AED 415 million contract for the Louvre Museum, and AED 233 million contract for the Fairmont Hotel in Abu Dhabi.

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About Drake & Scull International PJSC

 

Drake & Scull International PJSC (DSI) is a regional market leader delivering world-class quality projects via end-to-end solutions that provide integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil and Gas, through People, Innovation, and Passion.

DSI established its first office in Abu Dhabi in 1966, and has since expanded operations to encompass offices in Dubai, Egypt, Kuwait, Oman, Saudi Arabia, Qatar, Jordan and India as well as managing projects in Europe and other parts of North Africa.

DSI‘s main business streams include Drake & Scull Engineering, which serves as the MEP and Water & Power arm, Drake & Scull Construction (DSC), which is the General Civil Contracting unit, Drake & Scull Oil & Gas, which undertakes oil pipelines and related petrochem projects, Drake & Scull Rail, Germany-based Passavant Energy & Environment which focuses on Water and wastewater treatment as well as waste to energy and Drake and Scull Development, focusing on the Infrastructure sector.

In 2008, DSI offered 55% of its shares to the public and the IPO was oversubscribed 101 times. Ernst & Young ranked the IPO among the top 20 global IPOs in 2008.

DSI has since then used the funds to integrate, establish and acquire businesses that complement its corporate strategy of expansion into new markets, via organic and inorganic growth.

The fully Integrated Management Systems, certified to ISO 9001:2008, ISO 14001:2005 and OSHAS 18001:2007 standards are compliant with leading building, health and safety regulations, as well as sound environmental and energy management procedures.

DSI is a leader through experience, and has established a regional leadership position over 48 years of successfully completing the most complex projects on time, within budgets and matching set quality parameters.

DSI has completed many prestigious projects in the region for over four decades, and has helped shape the region’s skyline from within.

 

 Source: Orient Planet PR & Marketing Communications