Drake & Scull subsidiary bags $47m contract in Dubai
Gulf Technical Construction Company (GTCC) has been awarded a $47m (AED175m) contract by Orion Real Estate Development to build the latter’s West Bay residential tower at Dubai’s Business Bay
Drake & Scull International's general contracting subsidiary Gulf Technical Construction Company (GTCC) has been awarded a $47m (AED175m) contract by Orion Real Estate Development to build the latter’s West Bay residential tower at Dubai’s Business Bay.
Under the terms of the deal, GTCC will carry out the construction, civil engineering and mechanical, electrical and plumbing (MEP) works, which is scheduled for completion within three years.
Talking about the deal, Mohammad Atatreh, board member, Drake & Scull International (DSI), said: “This deal is an excellent addition to the growing portfolio of our civil contracting subsidiary Gulf Technical Construction Company which has emerged as a preferred general contracting partner in the UAE.
"We are pleased to pick up momentum in our project awards in the UAE market and we are currently accelerating our bidding activities to secure additional work primarily in the MEP sector.”
The West Bay residential tower is located in the Business Bay central business district. Once completed, the 34-storey residential tower will feature 252 residential apartments.
The company further stated that GTCC is involved in several UAE projects and is currently executing The Pointe project, a new retail and entertainment complex at the Palm Jumeirah in addition to Maliha Hospital and Al Reef Residences Tower in Dubai.
Last week, DSI announced that it will elect a new set of board of directors during its upcoming general assembly, scheduled later this year.