Dubai-based building contractor Drake & Scull International PJSC (DSI) is close to signing three new projects, the company's CEO said on Sunday.
"We are almost near signing on three good opportunities," Wael Allan said at a press conference in Dubai.
One of the projects will be for a wastewater treatment project, which is a "higher margin" project as it is in the industrial sector, Allan said.
DSI, like many construction firms in the region, has been hit hard by the low oil prices and an economic slowdown in the sector, the company said in its consolidated financial results published in March.
Earlier this month, Saudi Arabia, the UAE, Bahrain and Egypt cut diplomatic and transport ties with Qatar, accusing it of fomenting regional unrest, supporting terrorism and getting too close to Iran, all of which Doha denies.
Operating across the region, Allan said the Dubai firm had not seen any impact from the ongoing regional rift.
DSI, which is working on the Doha Metro project, has not received any official guidance about doing business in Qatar, Allan said it was currently not bidding for any new business in the Gulf state.
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