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DSI clinches Abu Dhabi palace project.

Drake & Scull International (DSI) said it has won a major Mechanical, Electrical and Plumbing (MEP) project worth Dh340 million ($92.5 million) for the Presidential Palace in Ras Al Akhdar, Abu Dhabi.

As per the contract, DSI will oversee and manage the complete MEP works on the Presidential Palace - which will be used as the headquarters of the President, the Vice President, the Crown Prince of Abu Dhabi and other cabinet ministers for governmental and ceremonial purposes, said a DSI statement.

DSI said its subsidiary Drake & Scull International Abu Dhabi will start work on the project immediately. Consolidated Contractors Company will undertake the main construction contract for the project, due to be completed in the beginning of 2013.

Commenting on the win, DSI chief executive officer, Khaldoun Tabari, said, "As one of the region's experienced specialist contractors, we are honoured to have been identified and selected to undertake the development of such a prominent governmental project."

"We believe our vast and accumulated local experience will not only allow us to deliver the highest quality standards, but will also enable us to realise and fortify the legacy of the Abu Dhabi government through the development of this iconic project," he added.

DSI has secured nine projects in Abu Dhabi since the beginning of the year and business in the capital accounts for 25 per cent of the company's Dh5.5 billion backlog, as of September 30.- TradeArabia News Service

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Publication:TradeArabia (Manama, Bahrain)
Geographic Code:7UNIT
Date:Dec 21, 2010
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