Drake & Scull International (DSI), a leading construction firm, has secured a Dh100 million MEP contract for a private residential facility in Doha through its newly acquired MEP specialist company Drake & Scull International Qatar (DSQ).
The work will start immediately and complete and hand over project in November 2012.
“We have reinforced the management team in DSQ and upgraded our operational capabilities to meet the rising demand for the planned 2022 world cup associated infrastructure, commercial and residential developments. The construction sector is well developed across all industries, with a healthy level of competition for large contracts. We see a progressive increase in tendering activities and we expect to witness an increased impetus in project announcements in the market,” said Khaldoun Tabari, CEO of DSI.
Since the Beginning of 2011 DSI has managed to secure a series of civil, MEP and water and power projects in Oman, Egypt , Kuwait, Saudi Arabia, UAE , Asia and Europe for a combined value of Dh3.2 billion and its backlog stands at Dh7.5 billion as of March 31, 2011.
The company remains bullish on its expectations for the second half of the year and is currently extensively bidding for projects in the Mena and Asian regions through its MEP, Civil and Water and Power divisions.