Drake & Scull International Leverages Its Market Share in Abu Dhabi
Drake & Scull International (DSI) PJSC has recently been awarded the contract for the complete Mechanical, Electrical and Plumbing (MEP) works for two major projects in Abu Dhabi worth a combined value of AED 240 million.
“We are very pleased to continuously work on domestic projects in a city that has contributed so greatly to the 40 years of experience which we have gathered in the MEP field,” said Khaldoun Tabari, CEO of DSI, “We have always seen Abu Dhabi as a lucrative market and our expectations of projects in the pipeline have indeed been fulfilled”.
DSI will begin work immediately on the Saadiyat Beach Apartments Plot SB19 project located on Saadiyat Island, Abu Dhabi. The series of beachside apartments, which are being developed by the Tourism Development & Investment Company (TDIC), will provide modern and dynamic living spaces in private gated communities, offering residents a variety of options ranging from simple studios to multiple bedroom apartments. The project‘s unique and prime location, through it’s close proximity to the world class attractions of the Cultural District and facilities of the Saadiyat Beach Marina Village, presents to its inhabitants the convenience of a premier state of the art residential complex, shopping and entertainment amenities within their reach.
The project is scheduled for completion in December 2011 and the scope of work for DSI will include supply, installation, testing and commissioning of the entire electro-mechanical works
DSI will simultaneously commence with the complete MEP works for a prominent governmental building project which will be completed by June 2012, and will include a total built-up area of 106, 670 squared metres.
“These two recent project wins bring the total value of contracts awarded to us this year to AED 1.4 billion,” concluded Tabari, “Aside from this being a marked accomplishment for the company, we expect that this will also aid in boosting our returns towards the end of the financial year”.
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