Regional construction major Drake & Scull International (DSI) has been awarded a series of mechanical, electrical and plumbing (MEP) contracts in Oman across several sectors collectively worth Dh96 million, the firm announced today in a media statement.
DSI is one of the region’s market leading firms involved in integrated design, engineering and construction disciplines of civil contracting, MEP, water and power, rail and oil and gas.
Under the terms of the latest contracts, DSI will oversee the complete MEP works – including design, supply, installation, testing and commissioning, the company said.
In 2012, Oman has set forth significant plans to upgrade its housing and infrastructure over the next 10 years, turning it into the region’s most promising construction markets, DSI said in the statement.
The sultanate’s construction sector on the whole is expected to be worth $3.8 billion in 2012 and has the potential to grow to $5.4billion by 2016, DSI reckoned. “The industry shows particular potential in energy and utilities – two areas where DSI is currently expanding its presence at the international level,” the DSI statement added.
“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. Our latest set of contracts reflects our ability to serve multiple sectors and we are eyeing more ventures as Oman rolls out its development plans for the coming years,” said Khaldoun Tabari, DSI’s CEO.
DSI has been fortifying its presence in key GCC markets while further extending its operational reach into Africa and Asia. The company expects to gain more Omani contracts given its market leadership, extensive engineering expertise, and diverse portfolio of prestigious projects across the Gulf area.