Drake & Scull PJSC : & Scull Kuwait signs three major projects deals worth AED 128 Million

Under the terms of the first agreement, DSI Kuwait will undertake supply, installation, testing and commissioning of plumbing and fire fighting works, including defect liability to be completed by October 2015. Located near Al Salam Palace in the heart of the Kuwait City, the Sheikh Jaber Al Ahmad Cultural Center will be an iconic building, reflecting the evolution of Kuwaiti cultural and heritage landscape. It would be equipped with state-of-the-art facilities required to organize a wide range of cultural activities.

DSI Kuwait will also carry out the MEP works for two commercial developments in Al-Qebla area of Kuwait. The scope of work includes renovation and maintenance along with replacement of chillers, electric main panels and boards. Both developments are already under progress and will be delivered by June 2015. The company has also bagged an MEP contract for a healthcare facility in Shuwaikh. The scope of the project involves heating ventilating and air conditioning (HVAC) along with plumbing and fire fighting works. The work for this healthcare facility is already in advance stages and will be handed over by March 2015.

Mahmoud Sabri, Area General Manager, Drake & Scull Kuwait, said: "We are delighted to have secured these major project wins, which put us on the right footing towards achieving our targets and executing our strategy in Kuwait. The Sheikh Jaber Al Ahmad Cultural Center promises to become a major landmark for Kuwait, and we will endeavor to make it a proud addition to Kuwait's skyline. We have proven our capabilities and established our position in Kuwait as leaders in the Engineering business, and have successfully undertaken and delivered significant projects like the State Audit Bureau Headquarters. We have maintained our track record of ensuring delivery of these projects on schedule, and see a lot of promise in the market, particularly in the Rail sector where Drake & Scull Rail can deliver Rail networks and stations. We are equipped with the region's leading skilled workforce and technologies and are prepared to undertake more work as Kuwait embarks on its ambitious expansion plans this year. Kuwait remains an important market for DSI and an important contributor to the company's revenue stream."

DSI Kuwait has been operating in the country since 2004 and has been associated with several prominent construction and engineering projects, including the Special Training Centre for Public Authority for Applied Education and Training in Chuwaikh, the College of Basic Education - Boys Campus in Ardiya, and the Kuwait State Audit Bureau office. The company is currently delivering the College of Business, College of Arts and the College of Health and Sciences for Girls besides the Shaikh Saad Sports Hall.

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.