Real estate related news and press releases covering MENA region.
Drake and Scull awarded a series of MEP Contracts worth Dhs96m
Jun 19, 2012
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 Dhs96m.
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 $3.8bn in 2012 and has the potential to grow to $5.4bn 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.