DSI aiming to double in size
Looking to Qatar and Kuwait for expansion
Drake and Scull International (DSI) recorded a third-quarter net profit of US$19.33 million (AED71 million) on Monday and expects to grow to double its size in three to five years time, the company has announced.
Speaking at the Construction Week Dubai Conference, DSI general manager and director of MEP Charles Leaver explained how his company has plans to expand into Qatar and Kuwait in the near future.
“Qatar is an excellent place to be,” he said. “There are diversified opportunities in infrastructure, oil and gas and hospitals there.”
DSI, which specialises in mechanical, engineering and plumbing businesses made a net profit of $65 million in the first nine months of the year, up nearly 50% from the same period in 2008, it said in a statement.
DSI is currently working on King Abdullah University of Science and Technology in Saudi Arabia, an area which the Leaver sees as key market to invest in.
“There are limited large MEP contractors there so it makes sense for us to be there. There are one million homes planned for the Jeddah region alone,” he added.