Drake & Scull International awarded AED200 million civil construction contract in Dubai
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Sun May 6, 2012 12:53 pm

UAE. Drake & Scull Construction the Civil ( DSC) Contracting  arm of Drake & Scull International (DSI) PJSC, a regional market leader in integrated design, engineering and construction disciplines of Civil ContractingWater and Power and Mechanical, Electrical and Plumbing (MEP), has announced that it has been selected as the main contractor for the construction of the Binary commercial tower at Dubai’s Business Bay.

The contract is valued at AED 200 million and the scope includes all associated construction works to complete the tower.

Developed by ‘Omniyat’ a market leading real estate development company based in Dubai, the Binary is a 25-story commercial tower offering grade A commercial space with magnificent waterfront views of the thriving Business Bay area in the heart of Dubai’s Skyline.
 
“We have been able to secure some of the key developments that we have been eyeing over the past months as part of our efforts to increase our market share in the civil business across the MENA region.

"The Binary agreement reflects our successful and continuous growth in this line of business and gives us cautious optimism about the construction industry outlook in the UAE. We have already mobilized on site and commenced work with an estimated completion date in early 2014” said Saleh Muradweij, Managing Director of Drake and Scull Construction. 

DSC has achieved strong and consistent performance since its inception in 2010. The company has successfully carried off the transformation from being primarily a UAE based contractor to substantially increasing its footprint in both KSA and Qatar and North Africa within the span of one year.

The emphasis on regional diversification has proved to be highly strategic as DSC achieved tremendous progress particularly in Saudi Arabia and just recently through a major breakthrough into the Algerian market with a project valued at AED 845 million.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 26, 2014
INTERNATIONAL. Is it time to stop thinking about stabilizing Syria and Iraq and start thinking of a new dynamic outside of the artificial states that no longer function? To do this, we need to go back to Lebanon, the first state that disintegrated and the first place where clans took control of their own destiny.
date:Posted: August 25, 2014
INTERNATIONAL. Commodities have been generally flat on the week as a rise in industrial metals was offset by losses across other sectors such as metals and grains.
date:Posted: August 25, 2014
UAE. With its oil wealth, population growth and strong demand for industrial and consumer goods, the MENA region is an attractive market. There are, however, potential pitfalls in doing business, particularly when it comes to appointing local agents to distribute products in the region.
SAUDI ARABIA. Strong demand fundamentals combined with increased public and private sector spending pushed up the average sales price; Momentum expected to continue as Riyadh attracts and promotes investment in industrial and supporting logistics facilities.
dhgate