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BUSINESS STREAMS REVIEW
BUSINESS STREAMS REVIEW
Drake & Scull
ANNUAL REPORT 2009
Drake & Scull
ANNUAL REPORT 2009
2009 REVIEW
In 2009, our Civil Contracting stream expanded in
the UAE through the establishment of a GTCC
office in Abu Dhabi, fully-equipped to take on
different projects. We were successful in bidding for
projects in the UAE and beyond, sustaining our
business and maintaining profitability. In targeting
new markets, we diversified our presence share and
solidified our regional and international outreach.
GTCC also received ISO certification and won a
number of awards, of which the most prominent is
the Construction Week Magazine "Project
Management Award" of the year in 2009.
PROJECTS COMPLETED
GTCC successfully completed the Nad Al Sheba
District Cooling Plant, a contract valued at of AED
67 Million. In this project, GTCC complimented
DSWP's design engineering of the plant and was
responsible for completing the construction of the
entire structure. 2009 also marked the completion
of the construction of two plant rooms at Motor City
in Dubai with a contract value of AED 76 Million.
PROJECT WINS
In recent years, we have gone from strength to
strength with diverse business opportunities and a
strong pipeline of projects that provide a string
platform from which to expand. We won an AED
400 Million Abu Dhabi contract for the Mangrove
Place project on Al Reem Island, which is
considered to be one of the largest mixed use
developments in Abu Dhabi We were also
awarded an AED 250 Million contract for the KPM
Tower in Dubai Marina. This contract is for the
design & build of the residential tower that has an
approximate total built-up area of 51,113 square
meters, and includes superstructure and single
core, masonry and dry wall partitions, floor, wall
and ceiling finishes, fittings, services including
electrical, mechanical, ventilation and plumbing,
fire fighting installations, lifts, BMU, cladding and
rubbish chutes.
GROWTH
In addition to the establishment of offices in Abu
Dhabi, GTCC intensified its business development
activities in the region by bidding on several major
projects in KSA, Libya and Jordan.
DSC will continue to expand its operations in new
markets by emphasising inorganic growth, and it has
also identified a potential company to acquire in KSA.
Royal Amwaj - Palm Jumeirah, 2010, Dubai - UAE
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