Consolidates position in the country’s market
Drake & Scull International (DSI) announced at the international MEP summit at Oryx Rotana that it has secured an AED 100 million MEP contract for a private residential facility in Doha, through its newly acquired MEP specialist company Drake & Scull International Qatar (DSQ). DSQ will immediately start the complete supply, delivery, installation, testing and commissioning of the associated MEP package, and will complete and hand over the project in November 2012, the announcement added.
Elaborating on the announcement, Khaldoun Tabari, CEO of DSI said: “We have reinforced the management team in DSQ and upgraded our operational capabilities to meet the rising demand for the planned 2022 World Cup associated infrastructure, commercial and residential developments .The construction sector is well developed across all industries, with a healthy level of competition for large contracts. We see a progressive increase in tendering activities, and we expect to witness an increased impetus in project announcements in the market.”
On the sidelines of the summit, commenting on winning the project, Mark Andrews, Managing Director, DSI-MEP, said that the ongoing construction projects in Qatar have been ensuring solid activity levels for firms in building material, construction and engineering sectors. “The diverse experience of DSQ and its specialisation in the MEP field will enable it to service all construction segments,” he added.
He said that the huge influx of international contractors to the Qatari market had stimulated strong competition and continued to raise the standard in the MEP industry. “The resurgence of project financing and the availability of credit will eventually accelerate the lifecycle of infrastructure projects. We are constantly investing in the development of sustainable engineering techniques and technologies to deliver the best international quality standards,” he concluded.
According to the announcement, since the beginning of the year, DSI has managed to secure a series of civil, MEP and water and power projects of a combined value of AED 3.2 billion, and its backlog stands at AED 7.5 billion as of March 31, covering projects in Oman, Egypt, Kuwait, Saudi Arabia, the UAE, Asia and Europe.
DSQ was established in 2006, and has reportedly undertaken a number of MEP projects in Qatar, including the West Bay Complex, Four Seasons Hotel and the QTEL headquarters.