2014-02-03 10:53:00 - DSI to target Expo 2020 related projects in 2014
[UAE, February 3, 2014] - Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil and Gas, has announced that it has signed a contract worth around AED 110 million to execute complete MEP works for the redevelopment of Mall of the Emirates in Dubai. The contract was awarded by Khansaheb Civil Engineering LLC, who is the main contractor for the project.
Under the terms of the agreement, DSI will procure, install, test and commission all MEP works at the iconic shopping mall, to be completed by 2015. Located on Dubai’s Sheikh Zayed Road, Mall of the Emirates
recently announced its multi-stage redevelopment project at an estimated cost of AED 1 billion under the theme ‘Evolution 2015.’ The redevelopment, which will include a new fashion district, luxury retail, and sports and leisure precinct, alongside unique dining concepts and an expansion of its cinemas, will be undertaken in phases with work on Phase 1 already underway. Mall of the Emirates has been ranked as the most lucrative mall in the Middle East in terms of sales per square foot, and 7th overall in the world according to the International Council of Shopping Centres.
Commenting on the project award, Khaldoun Tabari, DSI PJSC Vice Chairman and CEO, said: “The new contract for the redevelopment of Mall of the Emirates underscores our proven track record in offering specialized MEP services for large scale shopping malls. We are pleased to be chosen by the client and Khansaheb for the execution of the MEP works on this prestigious landmark. DSI is well established in the UAE as market leaders in the Engineering business and we will continue our efforts to help shape Dubai and the UAE’s skyline. With our expertise in MEP works and General Contracting, cutting edge technologies and vast resources, DSI is well-positioned to undertake significant construction and infrastructure projects as Dubai gears up to host the 2020 World Expo.”
DSI continues to enhance and strengthen its services offering with unmatched vertical integration and global footprint. In 2013, the company was awarded series of prestigious projects in the UAE. The latest was the AED 403 million joint venture agreement between DSI and Habtoor Leighton Specon to provide MEP works for the Al Habtoor City in Dubai. DSI also won in Q4 2013 a AED 415 million contract and a AED 233 million contract to complete MEP works for the Louvre Museum project and Fairmont Hotel in Abu Dhabi .The latest deals took the value of DSI’s awarded UAE contracts in 2013 to over AED 1.6 billion, further cementing the company’s position as one of the leading multi-discipline construction experts in the region.