Khaldoun Tabari, CEO of Drake & Scull International
Drake & Scull International (DSI) PJSC, a regional market leader in integrated design, engineering and construction disciplines of Mechanical, Electrical and Plumbing (MEP), Civil Contracting, and Water and Power announced today at the international MEP summit at Oryx Rotona – Doha that it has secured an AED 100 million MEP contract for a private residential facility in Doha through its newly acquired MEP specialist company Drake & Scull International Qatar L.L.C. (DSQ).
DSQ will immediately start the complete supply, delivery, installation, testing and commissioning of the associated MEP package and will complete and hand over this prestigious project in November 2012.
“We have reinforced the management team in DSQ and upgraded our operational capabilities to meet the rising demand for the planned 2022 world cup associated infrastructure, commercial and residential developments .The construction sector is well developed across all industries, with a healthy level of competition for large contracts. We see a progressive increase in tendering activities and we expect to witness an increased impetus in project announcements in the market,” said Khaldoun Tabari, CEO of DSI.
DSQ was established in 2006 and has undertaken a number of prestigious MEP projects in Qatar including the West Bay Complex “Four Seasons hotel” and the “QTEL headquarters”.
On the sidelines of the international MEP summit at Oryx Rotona -Doha and commenting on the project win, Mark Andrews, the Managing Director of DSI-MEP stated, “The ongoing construction projects in Qatar are ensuring solid activity levels for firms in building material, construction and engineering sectors. The diverse experience of DSQ and its specialization in the MEP field will enable it to service all construction segments. ”
“The huge influx of international contractors to the Qatari market stimulates strong competition and is raising the quality standards in the MEP industry .The resurgence of project financing and the availability of credit will eventually accelerate the life - cycle of infrastructure projects. We are constantly investing in the development of sustainable engineering techniques and technologies to deliver the best international quality standards”, He concluded.
Since the Beginning of 2011 DSI has managed to secure a series of Civil , MEP and Water & Power projects in Oman, Egypt , Kuwait, Saudi Arabia, UAE , Asia and Europe for a combined value of AED 3.2 billion and its backlog stands at AED 7.5 billion as of March 31st 2011. The company remains bullish on its expectations for the second half of the year and is currently extensively bidding for projects in the MENA and Asian regions through its MEP, Civil and Water and Power divisions.