DSI to provide MEP services to commercial development facility in KSA and administrative governmental facility and hospitality project in Abu Dhabi

Dubai, 13 November, 2012 - Drake & Scull International (DSI) PJSC, a regional market leader in integrated design, engineering and construction disciplines of Civil Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil & Gas has announced that it has been awarded three new MEP contracts amounting to AED 318.5 million for a commercial development facility in the Kingdom of Saudi Arabia in the western province Al Taif and an administrative governmental facility and hospitality development in Abu Dhabi.

The KSA contract, worth SAR 83 million, covers 58 commercial buildings and will be completed in quarter three 2013. The administrative governmental project is valued at AED 115 million and will be completed in quarter four 2013. The AED 118.5 million MEP contract for the hospitality development, covers a 10-level commercial tower and a business hotel and is scheduled for completion also in quarter four 2013.

"The new MEP projects add momentum to our business strategy across the GCC, particularly in KSA and Abu Dhabi which are among the priority markets in our regional growth plan. These projects likewise reinforce our position as the market leader in the region, while underlining DSI's reputation as the preferred integrated engineering solutions provider of both private and governmental entities. We are therefore pleased to add the commercial development facility in KSA and the administrative governmental facility and hospitality development in Abu Dhabi to our list of high-profile projects in the region," said Khaldoun Tabari, CEO of Drake & Scull International.

DSI continues to capitalize on its decades of regional expertise with its wide range of engineering specialty covering the residential, commercial, aviation, healthcare, education, utilities and transport sectors.

Expansion into Africa and Asia is on track where the company is particularly focusing on the utilities sector aiming to benefit for the unique patent engineering technology of its German Subsidiary Passavant Roediger in the Water and Waste Water fields.

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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, Rail in addition to Oil & Gas 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.

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© Press Release 2012