DSI wins Dh251m contract

Drake & Scull International (DSI) signed on Wednesday a letter of award to execute a Dh251 million engineering contract for a major government facility in Abu Dhabi.

The scope of the contract includes electro-mechanical works of the hardscape and landscape components of the facility scheduled to be completed in 2014. The recent award in Abu Dhabi marks a series of impressive contract wins in the emirate including the Iconic Fairmont Hotel and the Louvre Museum announced earlier in Q3 2013.

Commenting on the award Khaldoun Tabari, CEO of Drake & Scull International, said: “We have managed to secure Dh6.1 billion worth of contracts across the region year-to-date. Abu Dhabi continues to add momentum to our growth strategy in 2013 and we aim to further cement our strategic position in this promising market that represents lucrative potentials to our business streams across all sectors. We remain optimistic on our growth prospects in the second half of the year and our focus remains on delivering on our record high backlog standing at Dh11.7 billion as of the 30th of June 2013.”

DSI continues to enhance and strengthen its services offering with unmatched vertical integration and global footprint. The company successfully achieved total revenues of Dh2.567 billion and total net profit of Dh114.9 million for the first half of 2013 ended June 30th.

Total project awards year-to-date reached Dh6.1 billion in KSA, UAE, Qatar, Jordan and India.

 

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