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New Healthcare Facility Project for Drake & Scull International in KSA

The company signs a SAR 130 million MEP contract for a hospital in the eastern province

Dubai, December 11, 2011 - Drake & Scull Saudi the MEP arm of Drake & Scull International (DSI) PJSC in the kingdom and a regional market leader in integrated design, engineering and the construction disciplines of Civil Contracting, Water & Power and Mechanical, Electrical and Plumbing (MEP), has been recently awarded an estimated SAR 130 million contract to execute the MEP works for a hospital in the province of Damman in the Kingdom of Saudi Arabia.

The announcement comes a week subsequent to DSI's latest SAR 352 million commercial development project award in Riyadh. The new hospital will have a 400-bed capacity and consists of an 11-story building that includes clinics, educational facilities, specialized and support sections, nursing units, diagnosis laboratories, operation theaters and a helipad site. The execution of the MEP package will commence immediately and the project is expected to be completed in 2016.

KSA's healthcare sector is a key growth market for DSI as the government and private sector are investing aggressively to expand the capacity of local hospitals and other medical facilities to meet the growing healthcare needs of the kingdom's growing population. In the 2011 state budget, health and social affairs accounted for 11.8 per cent of the total government expenditure, representing an increase of 12.3 per cent from the previous year.

On this occasion, Khaldoun Tabari, CEO of DSI, stated: "The new high-stakes project in Damman is certainly a strong affirmation of DSI's success in delivering custom-built MEP services and the company's reputation as the preferred integrated engineering service provider in the region's healthcare sector. We have been appointed to undertake the project based on our studied engineering solutions that allow us to help operators of healthcare facilities develop the scope and budget for the project based on the healthcare program and services provided. We understand that the development of healthcare facilities is becoming very complex, particularly in light of the need to ensure continuity in the provision of critical healthcare services. Our focus on quality, sustainability and safety enable us to deliver a holistic integrated engineering approach that meets the current and future needs of KSA's growing healthcare sector.

DSI has provided MEP services to healthcare facilities in different countries across the Middle East, including the Paediatric Hospital and Emergency Centre at King Hussain Medical City in Amman, Jordan; the American Hospital Expansion and Rashid Hospital Emergency and Trauma Centre in Dubai, UAE; the Mina Hospital in Mecca, KSA; and the Jizan Hospital in Juza, KSA. Likewise, the company has also internationally served various healthcare facilities such as the Montego Bay Hospital in Cornwall, Jamaica; the Queen Mary Hospital in Hong Kong and the Sokoto Teaching Hospital in Sokoto, Nigeria.

The company maintains its competitive edge in the regional market through its extensive industry experience and superior technical expertise and is currently bidding for various projects across the healthcare, educational, commercial, and residential and infrastructure sectors through its Civil, Water and Power and MEP units.

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About Drake & Scull International PJSC
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.

For further information, please contact:
Orient Planet PR & Marketing Communications
P.O Box: 23345
Dubai, United Arab Emirates
Tel: 00971 4 398 8901
Fax: 00971 4 398 8941
Email: media@orientplanet.com
Website: www.orientplanet.com

© Press Release 2011

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