DSI to focus on South East Asia and GCC expansion
CEO says he's 'very interested' in projects with sovereign comfort
Drake and Scull International, the Dubai based MEP contractor, will target working in South East Asia and the GCC, its CEO said on Wednesday.
Speaking on the sidelines of the CW Leaders in Construction Summit, Khaldoun Tabari said that he would be interesting in working and tendering for projects in countries that had access to government funding and planning.
“I would be very receptive to working in Kuwait, Qatar, Abu Dhabi and Saudi Arabia. These are markets where we believe, in general, that there is some sort of sovereign comfort. If there is no sovereign government, it becomes a poker game,” Tabari told MEP Middle East.
He said that the company was also stepping up efforts to expand into Asia, following a significant solar project win in India.
“Right now, we’re in Thailand and we’re in India. We hope to be in Sri Lanka and we’ve started bidding for jobs in Vietnam,” he explained.
“Vietnam changes on a dime, six months ago, I would tell you it was vibrant, Today Vietnam has tanked.”
Tabari added that DSI would continue its interests in Libya, despite the current turmoil in the North African country causing it to lose out on a $150m airport contract in the capital of Tripoli.
“We have a company there, our capital is still in the bank, it’s not much capital, only around $2m, but it's there. We’re a UAE company with Qatar affiliations; I believe we stand a good chance of getting some work there. Let’s hope it opens up today rather than tomorrow.”
He said that there would be no deadline in terms of DSI’s Libyan operations, rather that the company would adopt a ‘wait and see’ stance.