Drake & Scull wins deals worth $100m in Saudi, UAE
Contracts include building centres for Al Rajhi Bank in Riyadh
Contractor Drake & Scull International has been awarded contracts worth AED369m ($100.46m) for the construction of three projects in Saudi Arabia and the United Arab Emirates, it has said.
Drake, which specialises in mechanical, engineering and plumbing (MEP) operations, has been gradually expanding its operations outside of Dubai following a slowdown in the emirate's once-booming real estate sector.
The contracts include AED287m ($78m) worth of work awarded by Al Rajhi Bank to construct the bank's cash centre, operations centre and a data centre facility in Riyadh.
The company has also secured a contract worth AED82m ($22m) for the construction of a government utility project in Abu Dhabi.
Commenting on the award Saleh Muradweij, executive director of Drake & Scull Construction, said: “These projects are indicative of the favourable market conditions and the aggressive pace of development being undertaken across the public and private sectors in two of our main growth markets. DSI’s broad expertise in general contracting and our deep understanding of the regional construction landscape will allow us to deliver on time our new contracts with Al Rajhi Bank in KSA and the utility project in Abu Dhabi.”
“DSI is well suited for Data Centre Projects given our proven expertise with Electrical Systems, Design and Build for the Telecom industry and our modular construction capabilities through our subsidiaries, and we hope to secure more of these specialized projects in 2013”.