Drake & Scull Engineering awarded prestigious AED 334 Million MEP contract for iconic luxury hotel in Dubai

UAE, 13 April, 2015 - Drake & Scull Engineering (DSE), the engineering subsidiary of Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Engineering (Mechanical, Electrical and Plumbing (MEP), Water and Power), Rail, Oil and Gas, and Water and Wastewater Treatment, has announced that it has been awarded a contract worth AED 334 million for MEP works on an upcoming mixed use Hotel and Residences building development to be constructed on the Palm Jumeirah in Dubai.

Under the terms of the agreement, DSE will complete the supply, installation, testing, commissioning and handover of detailed MEP works for the leading hotel. The upscale project located on the man-made island consists of three separate buildings of G+7 floors constructed over a common basement and will include a 360-room Five star hotel and two residential buildings. The scope of work extends to the pools and associated landscaping and will be completed by 2016.

Khaldoun Tabari, CEO and Vice-Chairman Drake & Scull International PJSC commented: “We are pleased to start our second quarter with a significant project award for Drake & Scull Engineering. We achieved nearly AED 5.9 Billion in project awards in 2014 across MENA, Europe and Asia and are happy to maintain our streak of winning major projects in our key markets. The project award is a noteworthy addition to our projects’ backlog which grew by 20% in 2014 and touch an all-time high figure of AED 14.4 Billion. The UAE real estate is viewed as a barometer for the state of the region’s construction sector and we are pleased to note the resilience shown by the real estate industry and the determination of the UAE’s government to sustain the investment into critical infrastructure that is required to meet the needs of the growing population, as well as the upcoming Expo 2020.

The Engineering business continues to be one of the main drivers of DSI’s growth and we look forward to announcing more project wins in our key markets and delivering improved results in FY 2015” 

Ahmad Al Naser, Managing Director of Drake & Scull Engineering LLC, said: “The MEP contract for the mixed use development is an important win for DSE as it is a very prestigious and iconic addition to the world famous Palm Jumeirah landscape. The project win adds to our strong track record in the MENA hospitality business and especially in the UAE where we’ve delivered prestigious landmarks like the Rosewood Hotel, Centro Capital Centre, Park Rotana, Aloft hotel in ADNEC, Shangri-La Between the Bridges and the Jumeirah Beach Hotel previously. Our tremendous experience gained by delivering more than 4000 hotel rooms and suites in the region in the last 4 decades will prove crucial for the successful delivery of this project. The hotel project award follows our previous announcement of the AED 395 Million Jewel of the Creek project win in Dubai recently and we are pleased to remain the engineering partner of choice for high class luxury hospitality projects in the MENA region.

DSI’s engineering division continues to thrive, driven by sound fundamentals and has been able to sustain its momentum by securing a significant number of projects in the last decade. We continue to focus on growing the Engineering business globally while also improving our productivity and overall margins. DSE is positive about its prospects of winning major projects and is very optimistic about the regional engineering industry’s potential in 2015.”