Friday 18 April 2014
 
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Drake and Scull

Drake and Scull profit rises 61pc in 2013

Dubai-based Drake and Scull made a net profit of 185 million dirhams ($50.37 million) in 2013, up from 115 million dirhams in 2012, the building contractor said on Thursday. Fourth-quarter profit was 40 million dirhams, according

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Drake and Scull unit wins $102m Nakheel deal

A subsidiary of Dubai-based contractor Drake and Scull has won a 375 million dirham ($102.10 million) contract from local developer Nakheel , Drake and Scull said on Tuesday. The contract is related to a development at Nakheel'

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Drake and Scull wins $87.5m Saudi contract

Dubai's Drake and Scull said on Wednesday it had won a contract worth 328 million riyals ($87.46 million) to do mechanical, electrical and plumbing works at King Saud University in Riyadh. The company will design, install, tes

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Arabtec not interested in Drake stake buy

Dubai builder Arabtec, which recently announced a $1.8 billion capital raise programme, is not interested in buying a stake in contractor Drake and Scull, the newly appointed chief executive said on Tuesday. "No, we are not,&

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Goldman buys $40m warrants in Drake

  Goldman Sachs bought warrants worth 147 million dirhams ($40 million) in Dubai's Drake & Scull International, less than a week after helping arrange a loan facility for the contracting firm.  

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DSI clinches Iraq wastewater plant contract

Drake & Scull International (DSI), a regional market leader in the MEP sector, said its subsidiary has won a Dh86 million ($23.4 million) turnkey contract from Iraqi Ministry of Municipalities for setting up a waste water treatment plant in

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Drake and Scull in Iraq pipeline contract

Iraq's cabinet approved a $358.8 million contract with Dubai-based Drake and Scull and Italy's Sicim to lay pipelines in the southern Zubair oilfield, said a government spokesman. The deal is part of a series of contracts

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Drake & Scull unit wins Kuwait university deal

Drake and Scull Kuwait (DSK), a subsidiary of Drake & Scull International (DSI) inked today a Dh200 million ($54.45 million) contract to execute the MEP package for the College of Art, part of the Sabah Al-Salem University developmen

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Drake and Scull eyes new Kuwait projects

Drake and Scull Kuwait is eyeing new projects, especially those involving the residential, healthcare and infrastructure sectors, to sustain its momentum in the Kuwaiti market, said a senior official. The company is the kuwaiti unit&n

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Drake and Scull announces Qatar expansion

Drake & Scull Construction, the civil contracting arm of Drake & Scull International, has started its civil and building operations in Qatar to leverage on the existing Mechanical, Electrical and Plumbing (MEP) and water and power business

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