Saturday 19 April 2014

DSI Kuwait wins $34m projects

Drake & Scull Kuwait (DSI Kuwait), a subsidiary of Drake & Scull International, has won three major engineering contracts worth Dh128 million ($34.8 million) in the country.   The company will undertake t


Drake unit wins $45m wastewater projects

Drake & Scull International's German subsidiary Passavant-Roediger has won three major projects for water and wastewater treatment plants for Dh166million ($45.2 million) in Romania, Bosnia and Herzegovina and Turkey. Unde


Arabtec denies Drake merger speculation

Dubai's Arabtec Holding denied on Tuesday what it called "recent market and media speculation" that it was looking to buy local contractor Drake & Scull. "Arabtec Holding confirms that there have been no dis


Drake & Scull unit wins Egypt wastewater contract

A consortium including a subsidiary of Dubai's Drake and Scull has won a 545 million dirhams ($147 million) contract to build a wastewater treatment plant in Egypt, the firm said on Monday. The consortium is led by Egypt's


Drake & Scull Q1 net profit rises 21pc

Drake & Scull International's first quarter net profit rose 21 per cent, the Dubai contractor said on Wednesday, beating analyst forecasts, as revenues soared. Drake, which specialises in mechanical, engineering and plumbing operat


Drake & Scull unit wins $51m contract in UAE

Drake & Scull International Abu Dhabi, a subsidiary of Drake & Scull International (DSI), has been awarded a contract worth Dh187 million ($50.9 million) for a prominent hotel in Abu Dhabi. The contract for mechanical, electrical a


Drake & Scull share process near completion

Drake & Scull International (DSI) has said that the share allotment and refund process, following a successful Intial Public Offering to raise Dh1.198 billion ($326 million), will be completed by July 30. The company, which is und

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