| 10 Mar 2010 |
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Gulf Technical Construction Company awarded 2 contracts worth AED 484 million
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[Dubai, 10 March, 2010] Gulf Technical Construction CompanyGulf Technical Construction Company
(GTCC)(GTCC) Dubai, a subsidiary of Drake & Scull Construction (DSC), a newly formed company under Drake & Scull International PJSC (DSI), has been awarded 2 contracts valued at AED 484 million by DAMAC Properties in Dubai. DSC is the newly-established, regional civil contracting arm of DSI PJSC, set up to manage and control the civil contracting operations of its subsidiaries Gulf Technical Construction CompanyGulf Technical Construction Company (GTCC)(GTCC) in Dubai and Abu Dhabi and drive civil construction business development efforts outside the UAE, as well as oversee operations of future civil projects and acquisitions that will play a role in expansion plans for DSI.
"DAMAC's reputation for building iconic projects in desirable locations in Dubai and across the GCC is well known," said Saleh Muradweij, Executive Director of DSC. "We feel that we were a natural choice for this project given DAMAC's eminent association with premium contractors and we look forward to a long and successful working relationship."
GTCC will begin construction immediately on Lakeside, an eco-friendly residential building comprised of 4 towers located in Dubai's International Media Production Zone - a project worth AED 371 million - and the 15-storey The Corner - projects worth AED 113 million located in Dubai's Business Bay.
The civil contracting business stream of DSI, through its subsidiaries, has been operating locally and steadily growing since 2005, and is currently working on different projects across the UAE such as Royal Amwaj Hotel & Resort on The Palm Jumeirah, KPM Tower in Dubai Marina and the Mangrove Place project in Abu Dhabi.
"The vision of DSC is to be one of the leading civil contractors in the Middle East, and we are moving forward very quickly," he continued. "The creation of DSC was a strategic move devised to help us secure a strong presence both locally and regionally, and streamline our growth in the region's construction industry."
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About Drake & Scull Construction L.L.C (DSC)
Drake & Scull Construction (DSC) is a newly formed company under Drake & Scull International PJSC (DSI) created to manage and control the civil contracting operations of its subsidiaries Gulf Technical Construction CompanyGulf Technical Construction Company (GTCC)(GTCC) in Dubai and Abu Dhabi and drive new business development efforts in civil contracting in the region. The company offers end-to-end quality engineering services and is involved in the execution of civil engineering projects and specializes in oil and gas, district cooling, water treatment and power generation. The company provides innovative solutions through expediting delivery, value engineering and effective resourcing to optimize delivery of turnkey projects.
About Drake & Scull International PJSC
Drake & Scull International PJSC (DSI) is a regional market leader delivering world class quality projects through integrated design, engineering and construction disciplines of Mechanical, Electrical and Plumbing (MEP), Civil Contracting, and Water, Power and Infrastructure, through Innovation, People and Passion. DSI established its first office in the region in Abu Dhabi in 1966, and it has since expanded its operations to include offices in Dubai, Jordan, Libya and Thailand with projects in UAE, Saudi Arabia, Sudan and Thailand.
In 2009, DSI PJSC expanded its operations by acquiring two companies, in line with the company's growth strategy: 'Passavant-Roediger', a German global developer of wastewater, water and sludge treatment technologies with a presence in 13 countries across Europe, MENA and Asia with over 5,000 installations, and Kuwait-based 'Drake & Scull International for Electrical Contracting', a prominent player in Mechanical, Electrical & Plumbing (MEP) contracting in Kuwait.
In 2010, DSI PJSC's expansion efforts continued with the establishment of two new subsidiaries: 'Drake & Scull Water and Power L.L.C' (DSWP), which was established to manage and control all of DSI PJSC's existing and future Infrastructure, Water & Power (IWP) projects across the MENA region, and 'Drake & Scull Construction L.L.C', which was established to manage and control the DSI PJSC's regional civil construction projects outside of Dubai and Abu Dhabi.
For further information, please contact:
Drake & Scull International PJSC
Mariana Missakian
Corporate Communications Manager
T: +971 4 8112300
E: m.missakian@drake-scull.ae
Cicero & Bernay Public Relations
Tariq Al-Sharabi
Account Director
M: +971 50 626 5535
T: + 971 4 334 2966
F: + 971 4 334 2977
E: tariq@cbpr.ae
© Press Release 2010
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