DSI awarded AED130 million contract for complete MEP works for The River condominium building in Bangkok.

[Dubai, 28 September 2009] Drake & Scull International PJSC (DSI) has been awarded its first contract in Thailand, a AED 130 million Mechanical, Electrical & Plumbing (MEP) contract for The River development, a luxury condominium building located on the Chaophraya River in Bangkok.  

The project win follows the establishment of DSI Thailand offices earlier this month.  

Developed by Raimon Land, whose majority shareholder is IFA Hotels and Resorts, The River will consist of north and south towers of 42 and 71 floors consecutively. Each tower will contain one, two and three bedroom apartments, duplexes and penthouses. The project will also have a lap pool, wet edge riverfront leisure pool, fitness centre, sky garden with lap pool, water cooled air conditioning system and fully integrated fire warning systems.

DSI Vice Chairman and CEO Khaldoun Tabari said: “Our continued expansion, now going beyond the MENA region and into South East Asia, once again shows DSI is fulfilling the promises it first made when listing on the DFM. As we continue to grow and diversify our operations, DSI validates the faith investors are continuing to show in the company and its future.”

“We are very enthusiastic about our newly opened Thailand office and DSI is actively looking to secure new deals in this region.”

DSI’s contract with The River incorporates the supply, installation, testing and commissioning of complete MEP works including: Air Conditioning, Ventilation, Plumbing and Drainage, Automatic Fire Fighting, Transformers, Cabling, Small Power & Lighting Systems, Busbar Risers, Earthing & Lightning Protection, Dimming System, Digital Interactive TV System, CCTV and Access Control System.

MEP works for The River will take 24 months

Project management and engineering positions will be filled by DSI employees from the UAE office with an Operations Manager being employed specifically for Thailand, while the remaining of the skills needed for the project will be provided by the local market.

DSI is a leading UAE-based end-to-end service provider of MEP contracting, infrastructure, water and power (IWP) and civil contracting services. On March 16 2009, DSI became the first specialist contracting company to list on the Dubai Financial Market (DFM)

About Drake & Scull International PJSC

Drake & Scull International is an integrated end-to-end service provider in the field of electrical and mechanical engineering and has provided innovative solutions to customers since its inception in the UAE in 1966.  Our expertise in mechanical, electrical and plumbing (MEP) contracting spans from providing complete solutions through Design and Build to Engineering, Procurement and Construction (EPC), and civil contracting services across the Emirates as well as Infrastructure, Water & Power solutions and across the Middle East and North Africa.

For further information, please contact:

Drake & Scull International PJSC                                

Mariana Missakian                                                        

Corporate Communications Manager                             

T: +971 4 8112300                                                        

E: m.missakian@drake-scull.ae                                     

Cicero & Bernay Public Relations

Tariq Al Sharabi

Account Director

M: +971 50 626 5535

T: + 971 4 334 2966

F: + 971 4 334 2977

E: tariq@cbpr.ae