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: September 30, 2014
IRAQ. The UN estimates land under IS control accounts for as much as 40% of Iraq's annual production of wheat, one of the country's most important food staples alongside barley and rice.
date:Posted: September 30, 2014
UAE. Bayt.com survey reveals that 78% consider meetings to be great for decision-making; Meetings in MENA workplaces often have agendas distributed in advance, according to 80% of respondents, and tend to start on scheduled time (according to 88%).
date:Posted: September 29, 2014
UAE. Country assessment ranked at A3 by Coface; 5% growth projected for 2014; Business climate favourable with the new companies' law improving transparency; Debt profile improves, financing needs of GREs continue.
UAE. Bayt.com survey reveals that 78% consider meetings to be great for decision-making; Meetings in MENA workplaces often have agendas distributed in advance, according to 80% of respondents, and tend to start on scheduled time (according to 88%).
dhgate