DSI awarded QR100mn MEP contract in Qatar.
Speaking at the international MEP summit holding in Doha, Managing Director of DSI-MEP Mark Andrews said that DSQ will immediately start the supply, delivery, installation, testing and commissioning of the associated MEP package and will complete and hand over the project in November 2012.
"The ongoing construction projects in Qatar are 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 said.
"The huge influx of international contractors to the Qatari market stimulates strong competition and is raising the quality standards in the MEP industry.
The resurgence of project financing and the availability of credit will eventually accelerate the life - cycle of infrastructure projects.
We are constantly investing in the development of sustainable engineering techniques and technologies to deliver the best international quality standards," Andrews added.
CEO of DSI Khaldoun Tabari said that the management team of DSQ had been reinforced and the company's operational capabilities upgraded to meet the rising demand for the planned 2022 world cup associated infrastructure, commercial and residential developments.
"The construction sector in Qatar 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," he added.
DSQ was established in 2006 and has undertaken a number of MEP projects in Qatar including the West Bay Complex - Four Seasons hotel and the QTEL headquarters.
Since the beginning of 2011 DSI has managed to secure a series of civil , MEP and water & power projects in Oman, Egypt , Kuwait, Saudi Arabia, UAE , Asia and Europe for a combined value of QR 3.2 billion and its backlog stands at QR7.5 billion as of March 31st 2011.
The company remains bullish on its expectations for the second half of the year and is currently extensively bidding for projects in the MENA and Asian regions through its MEP, civil and water and power divisions.
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|Publication:||Qatar Tribune (Doha, Qatar)|
|Date:||Jun 28, 2011|
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