Drake & Scull International PJSC : Drake & Scull International Scores AED 385 million Infrastructure EPC Projects in KSA and India

Company awarded AED 180 million contract for ITCC Auxiliary Works in KSA and AED 205 million contract for a Cross-Country Coal Conveying System in India

[Dubai, 6 May, 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 announced that it has been recently awarded new infrastructure EPC contracts amounting to AED 385 million for a coal power plant in India, and complete Engineering, Procurement, Construction and Commissioning (EPCC) for the Information Technology and Communication Complex (ITCC) Auxiliary Works in the Kingdom of Saudi Arabia.

DSI's subsidiary in India has signed a AED 205 million contract with a private Energy company in India for the design, engineering, inspection, and delivery of a coal Conveyor system from a Mine Head to a Thermal Power Station in the state of Orissa on an EPC basis. The contract for the ITCC Auxiliary works is valued at AED 180 million and will be jointly undertaken by Drake & Scull's local Engineering and General Contracting divisions in KSA.

Commenting on the award Khaldoun Tabari, CEO of DSI, said: "We are continuing to move forward with our expansion drive across the region and India, and Drake & Scull's one-stop service proposition is vital in realizing our growth strategy. The new contracts we have signed in India and KSA clearly demonstrate our unique ability to cater to a wide array of specialized requirements and we intend to build on these high-profile projects to further consolidate our stronghold in the regional market. The construction boom and widespread development initiatives being undertaken across the region continue to gain momentum, and DSI is certainly strongly positioned to provide the expertise, technologies and resources to support the gradual roll-out of these large-scale development projects."

Drake & Scull 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. Armed with a multicultural workforce, inherent financial strength and solid regional experience, the company's outlook remains positive in terms of realising greater profitability and improving productivity across MENA, South Asia and Europe.

- Ends -

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 Engineering (Mechanical Electrical and Plumbing (MEP) and Water & Power), General Contracting, Oil and Gas, Rail and 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 India, Thailand, as well as managing projects in Europe and other parts of North Africa.

DSI 's main business streams include Drake & Scull Engineering, which serves as the MEP and Water & Power arm, Drake & Scull Construction (DSC), which is the General Civil Contracting unit and Drake and Scull Development, focusing on the 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 48 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.

distributed by