Drake & Scull wins Oman contract
Dubai, June 19, 2012
Drake & Scull International (DSI), a leader in the integrated design, engineering and construction sector, said it has won Mechanical, Electrical and Plumbing (MEP) contracts worth Dh96 million ($26 million) in Oman.
As per the terms of the contracts, DSI will oversee the complete MEP works – including design, supply, installation, testing and commissioning at various work sites across the Sultanate.
In 2012 Oman has set forth significant plans to upgrade its housing and infrastructure over the next 10 years, turning it into the region’s most promising construction markets.
“The future developments in Oman represent an ideal opportunity for DSI to use its proven engineering technologies and regional experience – particularly in the MEP and Water and Power domains – to help expedite the growth of Oman’s construction industry,' remarked Khaldoun Tabari, CEO of Drake & Scull International.
'The Sultanate’s construction sector on the whole is expected to be worth $3.8 billion in 2012 and has the potential to grow to $5.4 billion by 2016. The industry shows particular potential in energy and utilities – two areas where DSI is currently expanding its presence at the international level.'
'Our latest set of contracts reflects our ability to serve multiple sectors and we are eyeing more ventures as Oman rolls out its development plans for the coming years,' Tabari stated.
According to him, DSI has been fortifying its presence in key GCC markets while further extending its operational reach into Africa and Asia.
The company, said Tabari, expects to gain more Omani contracts given its market leadership, extensive engineering expertise, and diverse portfolio of prestigious projects across the Gulf region.
'Its adherence to the highest international standards of quality, health and safety are already attracting various potential partners in Oman. DSI also plans to engage in more work for railway and oil and gas developments,' he added.-TradeArabia News Service