Claims 240 million-worth contracts will leverage its market share in Abu Dhabi
According to a statement by Drake & Scull International, it has recently won the contract for the complete mechanical, electrical and plumbing (MEP) works for two major projects in Abu Dhabi – Saadiyat Beach Apartments project and a government building project – worth a combined value of Dh240 million.
Commenting on this, Khaldoun Tabari, CEO, DSI, said, “We are very pleased to continuously work on domestic projects in a city that has contributed so greatly to the 40 years of experience which we have gathered in the MEP field. We have always seen Abu Dhabi as a lucrative market, and our expectations of projects in the pipeline have indeed been fulfilled.”
DSI reports that it will begin work immediately on the Saadiyat Beach Apartments Plot SB19 project located on Saadiyat Island, Abu Dhabi. The series of beachside apartments, which are being developed by the Tourism Development & Investment Company (TDIC), will provide living spaces in private gated communities, with options ranging from studios to multiple bedroom apartments.
The project is scheduled for completion in December 2011. The scope of work for DSI will include supply, installation, testing and commissioning of the entire electro-mechanical works.
According to DSI, it will simultaneously start the MEP works for the government building project, which will be completed by June 2012, and will include a total built-up area of 106, 670 square metres.
“These two recent project wins bring the total value of contracts awarded to us this year to Dh1.4 billion,” said Tabari, and added, “Aside from this being a marked accomplishment for the company, we expect that this will also aid in boosting our returns towards the end of the financial year.”