DSI aiming to double in size

Looking to Qatar and Kuwait for expansion

DSI is looking to expand in Qatar.
DSI is looking to expand in Qatar.

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.

 

Most popular

Awards

CW Oman Awards 2020: Meet the winners
A round of the thirteen winning names at the Construction Week Oman Awards 2020 that

Conferences

Leaders UAE 2020: Building a sustainable, 'resilient' infra
AESG’s Phillipa Grant, Burohappold’s Farah Naz, and Samana's Imran Farooq on a sustainable built environment
CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this

Latest Issue

Construction Week - Issue 767
Sep 01, 2020