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DSI wins AED 160 million contract for prominent project in Oman
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Tuesday, 18 Jan 2011
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Drake & Scull International PJSC, an end to end engineering services provider and regional market leader in Mechanical, Electrical and Plumbing services, has been awarded its first contract of the year for a project worth AED 160 million in Oman.

DSI will be responsible for the complete MEP works, including the design supply, installation, testing and commissioning for the prominent government project.

Mr Khaldoun Tabari CEO of DSI said that "We are pleased to begin the year on a positive note with this major project win, which demonstrates that the investments made over the last year have significantly solidified our presence in the region."

DSI implemented an intensive expansion strategy over the last two years, during which the company grew organically and inorganically by entering into new markets including Kuwait, Qatar, Saudi, Egypt, Jordan, Syria, Oman and Libya.

The company’s current backlog stands at AED 5.5 billion as of September 2010, however the company managed to secure additional contracts worth AED 800 million in the last quarter of 2010.

Mr Tabari concluded that "The future outlook for DSI is promising as we look to venture into new geographical markets such as Iraq, India and North Africa and consider entering into sectors such as Oil & Gas which complement our existing portfolio."

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