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Drake Scull sees expansion in Kuwaiti market
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Thursday, 22 Sep 2011
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Drake and Scull Kuwait, a subsidiary of Drake & Scull International, said that it has secured a contract to execute an administrative block and mosque project. The project, valued at AED 73 million will be completed by November 2013.

DSK added that it is also eyeing additional projects in the thriving Kuwaiti domestic construction sector which is set to post a 2.4% growth to USD 2.4 billion in 2011.

The latest contract win comes on the back of a set of social, cultural, sports and recreational projects collectively worth AED 155 million in Kuwait in Q2.

The mechanical, electrical and plumbing specialists said in total it had secured projects in Kuwait valued at AED 230 million since the beginning of the year.

Mr Khaldoun Tabari CEO of DSI said that "With Gulf wide construction steadily rebounding from the recession, DSK aims to capitalize on the regional presence of its parent company to welcome more major projects onboard."

(Sourced from www.arabianbusiness.com)

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