DSI lands $105m of EPC contracts in Saudi, India
Deals are for work at Riyadh's ITCC and a coal conveyor in Aurissa
Drake & Scull has secured two major EPC (Engineering, Procurement & Construction) contracts for infrastructure projects in Saudi Arabia and India worth a combined $105m (AED: 385m).
The Saudi deal is a $49m (AED: 185m) PROJECT to deliver auxiliary works for the new Information Technology and Communications Complex in Riyadh - a $1.65bn project which has been labelled as Saudi's first Smart City. ITCC has been brought forward for the government's Public Pensions Agency (PPA) by its own investment arm, Rayadah Investment Company, which is also delivering the new King Abdullah Financial District.
Meanwhile, the $56m (AED: 205m) contract in India is to build a new cross-country coal conveyer project to deliver coal frm a mone head to a thermal power station in the state of Aurissa.
Khaldoun Tabari, CEO of DSI, said: “We are continuing to move forward with our expansion drive across the region and India, and Drake & Scull’s one-stop service proposition is vital in realizing our growth strategy.
"The new contracts we have signed in India and KSA clearly demonstrate our unique ability to cater to a wide array of specialized requirements and we intend to build on these high-profile projects to further consolidate our stronghold in the regional market," he added.
"The construction boom and widespread development initiatives being undertaken across the region continue to gain momentum, and DSI is certainly strongly positioned to provide the expertise, technologies and resources to support the gradual roll-out of these large-scale development projects.”