Engineering & General Contracting works on 3 Government complexes in Mecca, Abu Dhabi & Sharjah

[Dubai, 15 April, 2013]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 been awarded a set of Engineering and General Contracting contracts collectively worth AED 663 million for three government complexes in Mecca, Abu Dhabi and Sharjah.

DSI is currently gearing its operations to mobilize on projects sites immediately. The estimated completion date for the government facility in Abu Dhabi is Q1 2015 whereas the facilities of Mecca and Sharjah are due for handover in Q4 2013 and Q2 2015 respectively.

Commenting on the awardsKhaldoun Tabari, CEO of Drake & Scull International, said: "KSA and the UAE continue to be our main growth markets in the GCC as we have managed to secure a series of consecutive contracts in these areas year to date."

"These latest projects will shortly start contributing to the revenue stream and profitability of the company as productivity on site increases. The integration of our General Contracting and Engineering businesses has proven to be a key element to our successful bids across all sectors and we expect this trend to continue onwards."

DSI closed the year 2012 with a record high backlog of AED 9.1 billion as of the 31st of December. The company has been earlier awarded in Q1 three separate contracts by Al Rajhi Bank with a combined value of AED 287 million to construct the bank's Cash Centre, Operations Centre and a major Data Centre facility in Riyadh. The company has also secured an AED 82 million contract for the construction of a government utility project in Abu Dhabi in March 2013.The Company managed to secure AED 1.1 billion worth of work in KSA, Qatar and Abu Dhabi in Q1 2013 and is poised for significant growth in Q2 as projects award momentum increases in these markets.

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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 compliment 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.

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