DSI acquires Qatar branch
The move will allow DSI access to Qatar's construction sector
Drake & Scull International (DSI) has announced that it has completed the acquisition of MEP contracting company "Drake & Scull International Qatar" (DSQ).
The acquisition will allow DSI greater access to the construction sector in Qatar.
"With this move, we have made significant progress in meeting our strategic objective to increase DSI presence in the region, thus enhancing our access to a broader range of construction opportunities," said DSI CEO Khaldoun Tabari.
“DSQ is a prominent player in the market with strong management that brings us complementary capabilities and greater geographical diversification. It will also have an immediate positive impact on both our backlog and bottom-line performance, with strong potential for continued growth going forward.”
DSQ, which was established in 2006, has undertaken a number of MEP projects including the West Bay Complex, and more recently the New Doha International Airport project.