Drake & Scull wins $40mn Algeria contract
Company to undertake civil construction portion of mixed-use project
Drake & Scull Construction (DSC) has been awarded a turnkey project worth $40mn (AED147mn) to build a mixed-use development in Algiers.
Under the terms of the contract, DSC, the general contracting arm of Drake & Scull International PJSC (DSI), will undertake the civil construction portion of the project, which covers a total built up area of approximately 66,500m2.
The development comprises multi-storey residential units which also contain commercial retail space in the capital city.
Saleh Muradweij, managing director for Drake & Scull Construction, said: “We are delighted to have been chosen for this important and prestigious development in Algeria.
“Algeria remains one of our key growth areas and our gateway into the North African market and our teams will utilise our experience in the region and our skilled workforce to deliver more mega projects in the future.
“We remain optimistic about the potential of the Algerian real estate sector and we hope to consolidate our position as one of the leading general contractors in North Africa in the near future.”
DSI has a major presence in Algeria and is currently undertaking several projects across the residential, commercial and waste water sectors.
In the year to date, DSI has secured $323.9mn (AED1.19bn) worth of work in the UAE, KSA, Kuwait, Europe and India across the engineering, general contracting and waste water sectors.