Built to inform

Sign up for the daily newsletters

No, Thank you

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).

RELATED ARTICLES:CW Leaders Summit: To diversify is key, says DSI | CW Leaders Summit: Firms must persist, says Hyder | DSI to focus on South East Asia and GCC expansion

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.

Most popular


New category open for consultancies at CW Awards 2019 in Dubai
Sub-Consultancy of the Year to be crowned for the first time at the gala ceremony


Leaders UAE 2019: Pinsent Masons confirmed as Gold Sponsor
Law firm is among the major construction industry players confirmed as sponsors for Leaders UAE's
Leaders in Construction UAE Summit returns in Sept 2019
Dubai conference to see top officials discuss the people, trends, and challenges that will power

Latest Issue

Construction Week - Issue 747
Aug 03, 2019