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DSI announces healthy Q1

Claims that construction boom in Qatar motivating factor to focus on advanced engineering solutions

| | May 12, 2012 | 6:19 pm
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Claims that construction boom in Qatar motivating factor to focus on advanced engineering solutions

Drake & Scull Qatar (DSQ), a wholly owned subsidiary of Drake & Scull International PJSC (DSI), has announced securing AED1.3 billion in project awards across the MENA region in the first quarter and expects its local Qatari arm to increasingly contribute to the growth of the company, especially with the recent establishment of its rail and civil divisions, which will complement its existing MEP and water power operations.

The company claims that it is leveraging its operation in the country, with DSI Qatar having a number of ongoing and completed projects and is equipped to take part in other developments that are critical components of the government’s roadmap to the FIFA World Cup 2022.

In this context, Khaldoun Tabari CEO of DSI said: “Tenders for major projects in the hospitality, rail and the infrastructure sectors are under way in Quarter Two and we are currently bidding across all our business lines. We anticipate rising pressures on pricing levels, given the severe competition and the costs associated with the sourcing of the necessary human and technical resources to cater for such large-scale projects.”


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