DSI wins first Egypt contract
Drake & Scull International (DSI) PJSC, a regional provider of end-to-end contracting services, has secured a Mechanical, Electrical and Plumbing (MEP) contract for the ‘Nile Corniche Project’ (NCP) in Cairo, Egypt for a value of AED 465 million (close to US$127 million).
“The momentous growth in the Egyptian tourism sector is propelling specialist contractors to tap into the promising opportunities the hospitality industry presents.” commented Khaldoun Tabari, CEO of DSI.
The Nile Corniche Project is a mixed use development, including the construction of a Hotel and Serviced Apartments, situated on the River Nile Corniche in Downtown Cairo.
The development consists of a four-level subterranean car park, an eight-level podium structure and two high rise concrete framed towers, consisting of 37 and 38 levels, respectively.
The project consists of 102 luxury Serviced Apartments in Tower 1 (North Tower) with four penthouse levels, Tower 2 (South Tower) having 226 standard rooms, 60 hotel suites, 98 serviced apartments and 16 luxury residential apartments. The Podium Structure consists of eight levels of functions rooms, restaurants, front of house, and service accommodation, and will also be the location of Qatari Diar’s Regional Offices.
- Shoura Council: Expats cannot buy property in Mecca, Medina, Riyadh
- Saudis, Jordanians top the list of Arab property buyers in Dubai
- Construction costs fall in Dubai
- Al Bustan Centre & Residence wraps up a successful participation in ATM 2015
- The reality of realty: inbound property investments in GCC 'far less' than outbound
- DSI gains regional momentum with latest contract win in Syria
- DSI Kuwait Wins 2 Contracts Totalling Over AED 90 Million
- Drake & Scull International bags AED 26 million contract for Amarante El Nile Hotel project in Egyptian capital
- UAE interiors specialist wins $18 million contract outfit Egyptian hotel
- DSI reports 68% and 76% year on year increase in revenues and net profit for the first nine months of 2013