DSI wins Abu Dhabi neighbourhood contract

Seventh 2009 project brings total value to $544mn

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DSI CEO and vice-chairman Khaldoun Tabari
DSI CEO and vice-chairman Khaldoun Tabari

Drake & Scull International (DSI) has been awarded a US $108.8 million (AED400 million) MEP contract for a neighbourhood project in Abu Dhabi.

The project consists of a 14-storey office building, 14 apartment buildings of 14-storeys each, 148 townhouses and 11 luxury villas, as well as various commercial spaces.

This is the seventh project announced by DSI in 2009 bringing the total value of these projects to an excess of $544 million.

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“Being awarded this contract is an exciting and promising start to Q4 for DSI. Our management team and workforce have been working exceptionally hard to ensure the company’s success and profitability, and we hope to have more large project announcements in the near future," said DSI vice chairman and CEO Khaldoun Tabari.

 

“We are very fortunate to have announced seven project wins in the last nine months and this further supports our growth strategy which we are committed to. We will continue to look for work on all fronts whether it’s MEP, civil or infrastructure water and power all over the region. Our acquisition plans are also moving forward and we hope to make our first announcement very soon.”

Last month Construction Week reported that the company had been awarded a $35.4 million MEP contract for the River development in Thailand.

DSI is a UAE-based service provider of MEP, IWP and civil contracting services and is currently working on projects across the MENA region.

On March 16 2009, DSI became the first specialist contracting company to list on the Dubai Financial Market (DFM).

 

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