Contracts latest examples of Drake & Scull International's increasing overseas focus
A European unit of Dubai contractor Drake & Scull International (DSI) has secured two water treatment contracts in Romania with a combined value of AED90m (US$24.5m).
Passavant-Roediger, a wholly-owned subsidiary of DSI based in Germany, will design and build a AED42.5m river water treatment plant in Sibiu that will produce drinking water for 200,000 people.
Passavant will install new feeding pipes for supplying drinking water to Cisnadie and for replenishing the water reservoirs from the Cisnadioara to Rasinari localities.
The second deal, worth AED47.5m, will see Passavant extend and modernise a waste water treatment plant in Roman, which supplies water for 115,000. The company will conduct various mechanical and electrical works at the facility.
DSI acquired an 82 percent stake in Passavant-Roediger for US$39m in 2009.
DSI has been expanding its focus on overseas contracts in recent months. In November, the company signed AED149m worth of mechanical and plumbing deals in Qatar and India, while Passavant secured a US$46m water treatment contract in Vietnam.
Passavant's order backlog has increased in value from AED150m in September 2011 to AED600m in September this year.