DSI wins $42m projects in Kuwait
Dubai, June 13, 2011
Drake & Scull International (DSI), a regional market leader in integrated design, engineering and construction, said it has clinched projects worth Dh155 million ($42.1 million) in Kuwait.
A specialist in the disciplines of Mechanical, Electrical and Plumbing (MEP), civil contracting, and water and power, DSI said the contracts involve social, cultural, sports and recreational infrastructure.
The company said it will be in charge of commissioning and execution of all associated MEP works for governmental buildings facility, a sports complex, a mosque and a printing press establishment in Kuwait.
According to the Kuwait Infrastructure Report for the second quarter, the country has a large number of construction projects awaiting the green light in 2011.
The private sector is primed to play the lead role in developing the $7 billion Kuwait urban metro, a slate of electricity generation projects, the $3 billion tourism development at Failaka Island and redevelopment of Kuwait airport.
It is anticipated that the country's construction sector will experience stable average real growth of 2.36 per cent over the duration of the 2010-2014 forecast period.
DSI chief executive Khaldoun Tabari said, “We expect a steady and gradual growth for DSI in Kuwait. Since the acquisition of DSK in December 2009, we are exposed to the latest construction developments in the country and we are actively indentifying opportunities that best fits our service portfolio.”
“Education and healthcare are currently the major thrust of government expenditure, our reputable experience, technical expertise and management speciality in these industries will allow us to qualify for substantial projects in educational and healthcare building programmes,” he added.
Mark Andrews, managing director of DSI-MEP, said, 'The MEP market in Kuwait is evolving, the interface between developers, design consultants and contractors across the construction value chain is improving.'
'DSI is constantly seeking to engage key members of its supply chain in the design process where their contribution creates value,' he added.-TradeArabia News Service