Drake & Scull Construction secures first major contract in Saudi valued at SR 450 million
[Dubai, July 4, 2010] Drake & Scull Construction Saudi Arabia (DSC KSA), the civil contracting arm of Drake & Scull International (DSI) PJSC in the Kingdom, which was established recently, has been awarded a SR 450 million contract for Al Jawharah project in Jeddah, Saudi Arabia.
Being developed by Damac properties, Al Jawharah is a 42-storey building located on the Jeddah Corniche. The –development will include five-bedroom penthouses as well as one, two, three and four-bedroom apartments spread across a built-up area of 87,000 sqm and is expected to reach completion in 28 months.
Speaking of the win, DSC’s Executive Director, Saleh Muradweij said: “Being awarded this project and working with such a prominent developer such as DAMAC is a good indication that the newly-formed DSC KSA is off to an excellent start in the Kingdom.”
DSC KSA is the newly-established, civil contracting arm of DSI PJSC, set up to manage and control the civil contracting operations in the Kingdom of Saudi Arabia. It will also drive civil construction business development efforts as well as oversee operations of future civil projects and acquisitions that will play a role in DSI’s expansion plans.
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About Drake & Scull Construction L.L.C (DSC)
Drake & Scull Construction (DSC) is a newly-formed company under Drake & Scull International PJSC (DSI) and was created to manage and control the civil contracting operations of its subsidiaries Gulf Technical Construction Company (GTCC) in Dubai and Abu Dhabi and drive new business development efforts in civil contracting in the region. The company offers end-to-end quality engineering services, is involved in the execution of civil engineering projects and specialises in oil and gas, district cooling, water treatment and power generation. The company provides innovative solutions through expediting delivery, value engineering and effective resourcing to optimise delivery of turnkey projects.
About Drake & Scull International PJSC
Drake & Scull International PJSC (DSI) is a regional market leader delivering world class quality projects across the Middle East & 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 and Thailand.
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 more 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