Drake & Scull wins $126m Egypt contract
Dubai, January 23, 2011
Drake & Scull International (DSI) has secured a mechanical, electrical and plumbing (MEP) contract worth Dh465 million ($126.6 million) for the ‘Nile Corniche Project’ (NCP) in Cairo.
“The momentous growth in the Egyptian tourism sector is propelling specialist contractors to tap into the promising opportunities the hospitality industry presents,” stated Khaldoun Tabari, chief executive of DSI.
“Our solid experience in the hospitality industry and our associations with the world’s prominent hospitality management leaders sets us at the forefront of the tourism industry in Egypt and will allow us to deliver the best in quality standards for the Nile Corniche Project.” continued Tabari.
The Nile Corniche Project is a mixed use development, including the construction of a hotel and serviced apartments, situated on the River Nile Corniche in Downtown Cairo.
The development consists of a four-level subterranean car park, an eight-level podium structure and two high rise concrete framed towers, consisting of 37 and 38 levels, respectively.
The project consists of 102 luxury serviced apartments in Tower 1 (North Tower) with four penthouse levels, Tower 2 (South Tower) having 226 standard rooms, 60 hotel suites, 98 serviced apartments and 16 luxury residential apartments. The Podium Structure consists of eight levels of functions rooms, restaurants, front of house, and service accommodation, and will also be the location of Qatari Diar’s regional offices.
The Consolidated Contractors Group (Offshore) will undertake the main construction contract of this prestigious project developed by the Qatari Diar Real Estate Investment company.
DSI will commence works on the project immediately and the expected completion date is in 2014.-TradeArabia News Service