Drake & Scull wins $40m MEP contracts
Dubai, November 27, 2012
Drake & Scull International, a regional market leader in integrated design, engineering and construction sector, has won mechanical, electrical and plumbing (MEP) contracts worth Dh149 million ($40.5 million) in Qatar and India.
The contract includes two MEP deals for a Dh55 million hotel apartment project and a Dh40 million district cooling project in Qatar in addition to a Dh54 million residential tower project in India, said a statement from the Dubai-based contractor.
DSI said mobilization on site for the three projects was currently underway. The hotel apartment project is scheduled for completion in February 2014, while the district cooling project will be ready in November next year.
The upcoming Indian tower is the Dubai firm's first contract in the residential sector which is expected to be completed in November.
Speaking on the contract wins, CEO Khaldoun Tabari said, "Qatar remains a key strategic market for DSI in the region and we expect a stronger momentum of project awards next year as we have not seen many contracts materialize in 2012."
The new MEP project award in India is the first for us in the residential sector and we aim to further expand in this sector. Our Water & Power operations are engaged in many tenders across the country and in 2013 we expect further growth for DSI in the Indian utilities sector through Passavant Roediger, our specialized global Waste Water and Water Treatment German Subsidiary,” he added.-TradeArabia News Service
More Construction & Real Estate Stories
- Work to start on Bahrain beach project
- Damac launches luxury apartments at Expo site
- Kuwaitis top GCC property buyers in Oman
- Rubber World to showcase at Big 5 Saudi
- Tool to help create effective property listings
- 'Smart' move by Dubai Design District
- Drake unit wins $13m contract in India
- Solar-powered cleaning boats launched in Sharjah
- $27m Expo Hotel Sharjah deal signed
- Arabtec unit wins $282m Emaar contract
- Abu Dhabi to host pool & spa expo
- ADCM unit secures $213m bridging loan
- Cluttons Dubai launches new luxury apartments
- Dubai developer Damac profits triple to $641m
- Dubai to start work on $544m water canal
- Dubai property market can absorb 25,000 units
- Jones Lang LaSalle renamed 'JLL'
- Aldar raises synergy estimate from Sorouh merger
- UAE industrial property sector keeps up growth
- Dubai residential property prices up 26pc
- Majid Al Futtaim to build new mall in Dubai IMPZ
- 300 firms to take part in Dubai property forum
- Naseej inks deal to develop Bahrain projects
- Dadabhai unveils new residential project
- Flowcrete completes Dubai Mall project
- Global asphalt demand hits new high
- $1.3bn infrastructure investment firm set up in Saudi
- Manara sees big project villa success
- Global giants eye RAK utility projects
- Cayan partners with international artist Zsuzsanna