UAE. Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of Civil Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil and Gas has been awarded in Oman a series of MEP Contracts across several sectors collectively worth AED 96 million.
Under the terms of the contracts, DSI will oversee the complete MEP works – including design, supply, installation, testing and commissioning.
In 2012 Oman has set forth significant plans to upgrade its housing and infrastructure over the next 10 years, turning it into the region’s most promising construction markets. The sultanate’s construction sector on the whole is expected to be worth USD 3.8 billion in 2012 and has the potential to grow to USD 5.4 billion by 2016. The industry shows particular potential in energy and utilities – two areas where DSI is currently expanding its presence at the international level.
“The future developments in Oman represent an ideal opportunity for DSI to use its proven engineering technologies and regional experience – particularly in the MEP and Water and Power domains – to help expedite the growth of Oman’s construction industry. Our latest set of contracts reflects our ability to serve multiple sectors and we are eyeing more ventures as Oman rolls out its development plans for the coming years,” said Khaldoun Tabari, CEO of Drake & Scull International.
Drake & Scull International has been fortifying its presence in key GCC markets while further extending its operational reach into Africa and Asia. The company expects to gain more Omani contracts given its market leadership, extensive engineering expertise, and diverse portfolio of prestigious projects across the Gulf area. Its adherence to the highest international standards of quality, health and safety are already attracting various potential partners in Oman. DSI also plans to engage in more work for railway and oil and gas developments.
About Drake & Scull International
Drake & Scull International PJSC (DSI) is a regional market leader delivering world class quality projects via end to end solutions that provide integrated design, engineering and construction disciplines of Mechanical Electrical and Plumbing (MEP), Civil Contracting, and Water & Power Infrastructure, through People, Innovation, and Passion.
DSI established its first office in Abu Dhabi in 1966, and has since expanded operations to encompass offices in Dubai, Egypt, Kuwait, Libya, Oman, Saudi Arabia, Syria, Qatar, Jordan and Thailand, as well as managing projects in Europe and other parts of North Africa.
DSI ‘s main business streams include Drake & Scull International, which serves as the MEP arm, Drake & Scull Construction (DSC), which is the General Civil Contracting unit and Drake and Scull Water & Power (DSWP), which focuses on the Water & Power and Infrastructure sector.
In 2008, DSI offered 55% of its shares to the public and the IPO was oversubscribed 101 times. Ernst & Young ranked the IPO among the top 20 global IPOs in 2008.
DSI has since then used the funds to integrate, establish and acquire businesses that compliment its corporate strategy of expansion into new markets, via organic and inorganic growth.
The fully Integrated Management Systems, certified to ISO 9001:2008, ISO 14001:2005 and OSHAS 18001:2007 standards are compliant with leading building, health and safety regulations, as well as sound environmental and energy management procedures.
DSI is a leader through experience, and has established a regional leadership position over 44 years of successfully completing the most complex projects on time, within budgets and matching set quality parameters.
DSI has completed many prestigious projects in the region for over four decades, and has helped shape the region’s skyline from within.