Drake & Scull International Leverages Its Market Share in Abu Dhabi

DSI to undertake complete MEP works for two projects worth 240 Million, bringing total contract value for the year to AED 1.4 billion

[Dubai, 21 June, 2010] 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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About Drake & Scull International PJSC

Drake & Scull International PJSC (DSI) is a regional market leader delivering world class quality projects in the Middle East and North Africa through integrated design, engineering and construction disciplines of Mechanical, Electrical and Plumbing (MEP), Civil Contracting, and Water, Power and Infrastructure, through Innovation, People and Passion.  DSI established its first office in the region in Abu Dhabi in 1966, and it has since expanded its operations to include offices in Dubai, Jordan, Libya, Thailand and Oman with projects in Bahrain, UAE, Saudi Arabia, Sudan, Thailand and Oman.

In 2009, DSI PJSC expanded its operations by acquiring two companies, in line with the company’s growth strategy: ‘Passavant-Roediger’, a German global developer of wastewater, water and sludge treatment technologies with a presence in 13 countries across Europe, MENA and Asia with over 5,000 installations, and Kuwait-based ‘Drake & Scull International for Electrical Contracting’ (DSK), a prominent player in Mechanical, Electrical & Plumbing contracting in Kuwait.

In 2010, the DSI PJSC expansion efforts continued with the establishment of two new business subsidiaries: ‘Drake & Scull Water and Power L.L.C’ (DSWP), which was established to manage and control all existing and new Water Power and Infrastructure projects across the MENA region, and ‘Drake & Scull Construction L.L.C’ (DSC), which was established to manage and control the regional civil contracting expansion in addition to the existing operations in Dubai and Abu Dhabi.  In April 2010, DSI PJSC announced the acquisition of “Drake & Scull International Qatar L.L.C” (DSQ) a reputable MEP company based in Qatar, which further fuelled the company’s horizontal expansion plans allowing it to diversify into new markets and increase its market share in the region.

For further information, please contact:

Drake & Scull International PJSC                                     

Mariana Missakian                                                                              

Corporate Communications Manager                                             

T: +971 4 8112300                                                                             

E: m.missakian@drake-scull.ae                                        

OR

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