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DSI bags two big jobs in Kuwait

by CW Staff on Feb 28, 2010

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Tabari: Sees lots of potential in Kuwait.

Drake & Scull International for Electrical Contracting Kuwait (DSK) has been awarded two educational contracts, worth over AED 90 million.

These wins are the first for DSK since being acquired by Drake & Scull International (DSI) in December 2009.

“DSI growth strategy is focused on strengthening our presence in Kuwait, among other markets, and with the help of DSK, we expect to establish ourselves in the Kuwaiti market as leaders in the MEP industry,” said Khaldoun Tabari, vice chairman and CEO of DSI.

“Kuwait’s growing population is making demands on the country to expand its infrastructure, healthcare, and real estate sectors, so we see a lot of potential there.”

DSI acquired 75% of DSK in late December, 2009, in line with the company’s strategy to pursue acquisitions targets in Kuwait, Qatar and Saudi Arabia.

“From every angle, DSI sees an abundance of opportunities within Kuwait, and our encouraging start to the year provides a positive insight for 2010,” concluded Tabari.

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