2013-12-23 10:13:57 - DSI to execute installation of all incidental electromechanical works on three-storey mall
[UAE, December 23, 2013] - Drake & Scull Qatar (DSI Qatar), a wholly owned subsidiary of Drake & Scull International PJSC (DSI), has won a mechanical, electrical and plumbing (MEP) contract for an approximate value of QAR 400 million for the upcoming Mall of Qatar in the Al Rayyan district of Qatar. The win is the latest in a series of multi-million commercial and residential deals signed by the company in 2013. UrbanCon Trading and Development are the main contractors on this commercial development.
Under the terms of the agreement, DSI Qatar will execute the installation of all incidental electromechanical works on the three-storey mall which will feature a hypermarket, a multiplex, five department stores and at least 20 restaurants. In
addition to the car parking accommodating 7000 cars, the mall will also have its own metro station. DSI Qatar is scheduled to start works on site in Q1 2014 and the project is slated for completion in June 2015.
Qatar is witnessing an upsurge in project tenders and contracts awarded as there is larger construction spending geared towards achieving its ambitious infrastructure development plans to facilitate the 2022 FIFA World Cup. Given this increased government expenditure and DSI Qatar’s proven track record, the company is poised to secure more projects and significantly increase its market share.
Karem Akawi, Area General Manager, Drake & Scull Qatar stated, “The Mall of Qatar is a very prestigious project award for DSI and will build upon the rich experience we have in Mega Retail projects. DSI Qatar’s MEP division is a market leader and is currently executing projects across District cooling, Hospitality and Residential sectors. ”
“Our engineering expertise is one of the central pillars of our success and will continue to be a vital factor for driving growth in Qatar during the crucial years leading up to the worldcup. We anticipate positive development in the rail sector as we have cemented strategic alliances with leading International Rail experts to address the challenges and needs of Qatar Rail.”
“We also see untapped potential in the Water and Waste Water sectors and we are well placed to leverage our patented European technology through our German Subsidiary Passavant Roediger to lead the modernization of Qatar’s Infrastructure.”
Earlier this year, Drake & Scull Qatar was awarded a QAR 304 million contract for a mixed-use real estate development project in Doha and a second residential project worth QAR 180 million. DSI Qatar has also been associated with several prestigious projects since the early 2006 such as the Four Seasons Hotel, the Qtel Tower and the Doha Land project and has a healthy backlog and a history of consistent profitability.