2014-02-05 12:53:38 - Company remains positive about growth in KSA project awards in 2014
[KSA, February 05, 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 been awarded SAR 328 million contract to execute complete MEP works at King Saud University in Riyadh, Kingdom of Saudi Arabia.
Under the terms of the agreement, DSI KSA will design, install, test and commission complete electro-mechanical works for three buildings at the university’s Endowment Projects. The company also stated that work on the project will be completed by 2015.
Khaldoun Tabari, Drake & Scull International Vice-Chairman and CEO, said: “The King Saud University contract is highly prestigious
for DSI and further consolidates our presence in Saudi Arabia as leaders in Engineering (MEP and Water & Power) as well as General Contracting. Our extensive history with large scale projects in KSA and our patented engineering technologies will prove vital in the execution of this project.
Saudi Arabia is DSI’s biggest market in the region and we have achieved a track record of delivering high quality MEP services along with the best engineering and construction solutions. Our commitment towards sustainability, affordability and safety and our in-depth knowledge of the local conditions and challenges are the key to our success in the country. DSI has the expertise and capacity to undertake projects across all growth sectors. With increase government expenditures towards infrastructure development, we expect positive movement in all the sectors in the coming year and we will leverage our integrated engineering and construction services to undertake projects across all industries in the country.”
DSI has delivered large-scale educational projects in KSA in the past, including the King Abdullah University of Science & Technology (KAUST) and the Information Technology Communications Complex (ITCC). Within the healthcare sector, the company has undertaken SAR 261 million MEP services for the National Institute of Neurosciences, and the Cancer & Cardiac Centres in the King Fahd Medical City, Riyadh and SAR 130 million project for a 400-bed hospital in Dammam.
DSI continues to enhance and strengthen its services offering with unmatched vertical integration and global footprint. The collaborative capabilities of the Engineering services (MEP and Water and Power), General Contracting, Oil and Gas, Rail and Infrastructure development continue to deliver strong performance quality work on project sites across MENA, South Asia, and Europe.