DSI Qatar presents flagship projects, discusses key insights on Qatar's emergence as a regional powerhouse market during MEED Qatar Conference 2013
[Qatar, 19thFebruary, 2013]Drake & Scull Qatar (DSI Qatar), a wholly owned subsidiary of Drake & Scull International PJSC (DSI), a regional market leader in integrated design, engineering and construction disciplines of Civil Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil and Gas, has been recently awarded a QR 304 million contract for the design, supply, installation and commissioning of all MEP works for a Mix Use Real Estate Development Project in Doha.
The project mainly covers substructure and superstructure works within a 260,000 square meter built-up area encompassing three superblocks with various structures such as residential buildings, schools, utilities, offices and retail buildings. DSI Qatar further revealed that it is currently showcasing its high-profile projects and sharing key insights on emerging industry trends during its participation at the MEED Qatar Conference 2013, which is running from February 17 to 20, 2013 at the Grand Hyatt Hotel Doha.
Karem Akawi, Area General Manager, Drake & Scull Qatar, said: "The development serves as one of our flagship projects in Qatar that strongly demonstrates the full spectrum of our service portfolio. Our integrated EPC solutions and particularly the MEP and the Water & Power are vital factors that will strengthen our presence in Qatar, which we expect to develop into a long-term market on par with other regional powerhouse markets such as KSA and the UAE. The gradual roll-out of the ambitious infrastructure development program related to Doha's hosting of the World Cup in 2022 and the Qatar National Vision 2030 is a key factor that is driving market growth. In addition, there is also the rail side that is coming on stream - another priority project of the government that is part of our target areas."
"These large-scale projects will certainly create unique and unprecedented challenges and will subsequently require broadly experienced contractors and consultants that have the resources, knowledge and strong financial capability to support these projects. This is where Drake & Scull stands out as the most competent in carrying out the MEP components of such projects because of our highly specialised expertise and our proven track record in delivering large-scale projects. The MEED Qatar Conference surely serves as an excellent venue to showcase our strengths and strategic advantages to support the unprecedented infrastructure work that is being carried out across Qatar," added Akawi.
DSI Qatar stands out as a market leader as its Civil, MEP and Water and power divisions that are well established, well structured, and most importantly, financially secure. DSI Qatar has a strong relationship with governmental development entities and major local property developers such as Qatari Diar among others. The company also focuses on QHSE and adopts policies and procedures that strictly adhere to international quality standards and safety norms.
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About Drake & Scull InternationalPJSC
Drake & Scull International PJSC (DSI) is a regional market leader delivering world class quality projects via end to end solutions that provide integrated design, engineering and construction disciplines of Mechanical Electrical and Plumbing (MEP), Civil Contracting, and Water & Power Infrastructure, through People, Innovation, and Passion.
DSI established its first office in Abu Dhabi in 1966, and has since expanded operations to encompass offices in Dubai, Egypt, Kuwait, Libya, Oman, Saudi Arabia, Syria, Qatar, Jordan and Thailand, as well as managing projects in Europe and other parts of North Africa.
DSI 's main business streams include Drake & Scull International, which serves as the MEP arm, Drake & Scull Construction (DSC), which is the General Civil Contracting unit and Drake and Scull Water & Power (DSWP), which focuses on the Water & Power and Infrastructure sector.
In 2008, DSI offered 55% of its shares to the public and the IPO was oversubscribed 101 times. Ernst & Young ranked the IPO among the top 20 global IPOs in 2008.
DSI has since then used the funds to integrate, establish and acquire businesses that complement its corporate strategy of expansion into new markets, via organic and inorganic growth.
The fully Integrated Management Systems, certified to ISO 9001:2008, ISO 14001:2005 and OSHAS 18001:2007 standards are compliant with leading building, health and safety regulations, as well as sound environmental and energy management procedures.
DSI is a leader through experience, and has established a regional leadership position over 44 years of successfully completing the most complex projects on time, within budgets and matching set quality parameters.
DSI has completed many prestigious projects in the region for over four decades, and has helped shape the region's skyline from within.
For more information, please contact:
Drake & Scull International PJSC
Rabih Abou Diwan
Corporate Communications Manager
T: +971 4 8112300
M: +971 52 8003412
Email: Rabih.Aboudiwan@drakescull.com
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