Construction industry remains vulnerable, says DSI

Available liquidity, volatile market fundamentals create perfect storm

Khaldoun Tabari, CEO of Drake & Scull International (DSI).
Khaldoun Tabari, CEO of Drake & Scull International (DSI).

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The vulnerability of construction business to unforeseen events has never been more evident, according Drake & Scull International (DSI) CEO Khaldoun Tabari.

“Our business must therefore learn to swiftly adapt and devise ways to move forward. DSI’s commitment is non-wavering and farsighted in this volatile business environment,” said Tabari.

Tabari said the biggest constraints at present were the combination of cash and available liquidity and actual market fundamentals.

“I do believe there is huge potential for acquisitions in today’s market. I can see quite simply that the easiest way to get into a market like Saudi Arabia or Qatar or anywhere is basically to acquire.

“You then do not have to go through the hassle and frustration of certification, and you do acquire some sort of capability of having human resources on the ground. So I do see the trend increasing, as a matter of fact,” said Tabari.

Read the full account of Tabari’s keynote address at the recent CW Leaders in Construction Summit in the next issue of Construction Week magazine.

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Jun 29, 2020