DSI clinches major Doha contract
Doha, June 27, 2011
Drake & Scull International (DSI) said its Qatari unit has secured a mechanical, electrical and plumbing (MEP) contract worth Dh100 million ($27.2 million) for a private residential facility in Doha.
A market leader in integrated design, engineering and construction disciplines of civil contracting, and water and power, said the deal came through its newly acquired company Drake & Scull International Qatar (DSQ).
Announcing this on Monday at the international MEP summit at Oryx Rotona – Doha, the MEP specialist said DSQ will immediately start the complete supply, delivery, installation, testing and commissioning of the associated MEP package and will complete and hand over the project in November next year.
'We have reinforced the management team in DSQ and upgraded our operational capabilities to meet the rising demand for the planned 2022 world cup associated infrastructure, commercial and residential developments,' said Khaldoun Tabari, CEO of DSI.
The construction sector is well developed across all industries, with a healthy level of competition for large contracts. We see a progressive increase in tendering activities and we expect to witness an increased impetus in project announcements in the market,” Tabari remarked.
DSQ was established in 2006 and has undertaken a number of prestigious MEP projects in Qatar including the West Bay Complex “Four Seasons hotel” and the “QTEL headquarters”.
Speaking on the sidelines of the summit, Mark Andrews, the managing director of DSI-MEP said, 'The ongoing construction projects in Qatar are ensuring solid activity levels for firms in building material, construction and engineering sectors.'
'The diverse experience of DSQ and its specialization in the MEP field will enable it to service all construction segments,' he noted.
According to him, the huge influx of international contractors to the Qatari market had stimulated strong competition and was raising the quality standards in the MEP industry.
'The resurgence of project financing and the availability of credit will eventually accelerate the life - cycle of infrastructure projects. We are constantly investing in the development of sustainable engineering techniques and technologies to deliver the best international quality standards,' Andrews added.-TradeArabia News Service