Drake and Scull eyes new Kuwait projects
Dubai, November 2, 2011
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 of Drake & Scull International (DSI), a market leader in engineering and the construction disciplines of MEP and civil contracting.
The company intends to build new business channels and expand its market reach to cover the Civil and Water and Power sectors,” said Khaldoun Tabari, CEO of DSI.
'We have a proven track record of prestigious projects in Kuwait and we are supported by DSI’s four decades of regional expertise in the Mena region, so we are well-positioned to further expand and grow in this promising and emerging market,' he added.
Since its inception in 2004, the company has been involved in some of Kuwait’s top engineering projects including the Special Training Centre for Public Authority for Applied Education and Training in Chuwaikh and the College of Basic Education- Boys Campus in Ardiya in addition to the Kuwait State Audit Bureau.
Tawfiq Abu Soud, managing director of Drake & Scull Water and Power said, “We believe that Kuwait is one of the most dynamic construction markets in the GCC and is the ideal platform for expansion.'
He pointed out that the competition was hotting up especially with a large influx of foreign contractors into the Kuwaiti market.
'However, DSI is distinguished by its integration of the European and Arab cultures and its long presence in the region which enable it to deal with the Kuwaiti culture and market dynamics in a faster pace than other foreign companies,' he stated.
Abu Soud said the Kuwait unit will continue to focus on quality, health, safety and environment processes meeting international standards to further cement its position in the market.
The company recently won an Dh73 million ($19.8 million) project for an administrative block and mosque for a public sector client which brings the total of value of projects won since the beginning of the year to Dh230 million.-TradeArabia News Service