Drake & Scull International announces further geographical expansion in the GCC
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Drake & Scull International PJSC (DSI) has further progressed in its horizontal expansion plans through the establishment of its newest subsidiary, Drake & Scull International Oman (DSO), specialising in Mechanical, Electrical and Plumbing (MEP) contracting. The move will not only allow the company to further strengthen its presence across the Middle East and North Africa but will result in a greater flexibility to diversify its operations and backlog.
“Our focus over the last year has been to expand our business geographically and vertically, and the decision to diversify into Oman follows this very philosophy. In today’s challenging global economic environment, a well planned expansion strategy can help us reduce costs, gain access to new markets and talent pools, and most importantly can provide a healthy pipeline to fuel our company’s growth and shareholders’ return.” explained Khaldoun Tabari, CEO of DSI, “DSI has reached a stage where we have successfully gained a reputation as leading players in the MEP field within the UAE, and can now build upon this by transferring the skills and expertise which we have accumulated to other markets”.
Since the formation of DSO, the company has already been awarded its first contracts for two prestigious government projects worth a combined value of OMR 4.6 million (AED 44.2 million). DSO will undertake the complete MEP works for the Sohar Court Complex (SCC) located in Sohar and the Oman National Museum (ONM), strategically located at the footsteps of the Hajar Mountains in Muscat.
DSO will begin work immediately on SCC, which will include six court halls, judges and staff offices, a cafeteria, guard house and external plant room and is estimated to be completed within a period of 13 months. The company will simultaneously commence with the ONM project, which upon completion will display over 6000 years of the country’s history and culture, and will feature ten galleries, classrooms and studios as well as an indoor café. The ONM project completion handover date is 27th September 2011 and the museum is scheduled to open to the public on 11th November 2011.
DSI has previously worked with the Oman government on the development of the Sultan Qaboos Grand Mosque, which has since come to be known as one of Oman’s most recognized and iconic landmarks.
“The value of projects in Oman that are set to go ahead in 2010 - at the prequalification, bid or engineering, procurement and construction stage - are estimated at USD 22 billion, highlighting the wealth of potential that the country has to offer,” concluded Tabari, “We are proud to have aligned ourselves with a project that holds such a significant cultural importance for Oman in the past and we hope that this trend will continue with our latest ventures”.
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About Drake & Scull International PJSC
Drake & Scull International PJSC (DSI) is a regional market leader delivering world class quality projects in the Middle East and North Africa through integrated design, engineering and construction disciplines of Mechanical, Electrical and Plumbing (MEP), Civil Contracting, and Water, Power and Infrastructure, through Innovation, People and Passion. DSI established its first office in the region in Abu Dhabi in 1966, and it has since expanded its operations to include offices in Dubai, Jordan, Libya, Thailand and Oman with projects in Bahrain, UAE, Saudi Arabia, Sudan, Thailand and Oman.
In 2009, DSI PJSC expanded its operations by acquiring two companies, in line with the company’s growth strategy: ‘Passavant-Roediger’, a German global developer of wastewater, water and sludge treatment technologies with a presence in 13 countries across Europe, MENA and Asia with over 5,000 installations, and Kuwait-based ‘Drake & Scull International for Electrical Contracting’ (DSK), a prominent player in Mechanical, Electrical & Plumbing contracting in Kuwait.
In 2010, the DSI PJSC expansion efforts continued with the establishment of two new business subsidiaries: ‘Drake & Scull Water and Power L.L.C’ (DSWP), which was established to manage and control all existing and new Water Power and Infrastructure projects across the MENA region, and ‘Drake & Scull Construction L.L.C’ (DSC), which was established to manage and control the regional civil contracting expansion in addition to the existing operations in Dubai and Abu Dhabi. In April 2010, DSI PJSC announced the acquisition of “Drake & Scull International Qatar L.L.C” (DSQ) a reputable MEP company based in Qatar, which further fuelled the company’s horizontal expansion plans allowing it to diversify into new markets and increase its market share in the region.
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