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Drake & Scull wins deals in Oman, UAE.

MUSCAT: Drake & Scull International yesterday announced the winning of three new contracts in Oman and in the UAE.

The value of the latest projects won by Drake & Scull International, two in Oman and one in the UAE, amounts to a combined total of Dh100 million, bringing the company's project win portfolio this year to over Dh3 billion compared to Dh2 billion in 2009.

The company will oversee the supply, installation, testing and commissioning of mechanical, electrical and plumbing (MEP) works for the two projects in Oman and the complete civil construction and MEP works for the latest project in Dubai.

Drake & Scull International also announced that the company's backlog as of September 30 stood at Dh5.5 billion, a 66 per cent increase over the Dh3.3 billion backlog recorded at the end of 2009.

The latest figures include the consolidation of Drake & Scull International Saudi's backlog following the recent 65 per cent acquisition of the company by Drake & Scull International.

"At the beginning of 2010, we set out to expand our business portfolio and estimated an end-of-year backlog of over Dh5 billion," commented Khaldoun Tabari, CEO of Drake & Scull International.

"As it stands now, the company's backlog is a realisation of that promise which was made to our shareholders a year ago."

Drake & Scull International's order backlog is reflective of the company's fully-fledged operational capabilities in the Middle East, which has allowed them to provide integrated end-to-end engineering services to a number of prominent projects across the region.

Tabari continued, "We have won 26 major projects across the region since the start of 2010 and we look forward to the major contribution these will make to the company's development in 2011 and beyond."

Quality projects

Drake & Scull International 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 MEP, civil contracting, and water, power and infrastructure, through innovation, people and passion.

Drake & Scull International 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, the UAE, Saudi Arabia, Sudan, Thailand and the Sultanate of Oman.

In 2009, Drake & Scull International 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, Middle East and North African region and Asia with over 5,000 installations, and Kuwait-based 'Drake & Scull International for Electrical Contracting' (DSK), a prominent player in mechanical, electrical and plumbing contracting in Kuwait.

In 2010, the Drake & Scull International expansion efforts continued with the establishment of two new business subsidiaries - Drake & Scull Water and Power (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 (DSC), which was established to manage and control the regional civil contracting expansion in addition to the existing operations in Dubai and Abu Dhabi.

Acquisition

In April 2010, Drake & Scull International announced the acquisition of Drake & Scull International Qatar (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. Also in 2010, Drake & Scull International announced the acquisition of Drake & Scull International Qatar (DSQ) and Drake & Scull International Saudi, two reputable MEP companies to further fuel the company's horizontal expansion plans allowing it to diversify into new markets and increase its market share in the region.

Muscat Press and Publishing House SAOC 2009

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Publication:Times of Oman (Muscat, Oman)
Geographic Code:7UNIT
Date:Dec 14, 2010
Words:625
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