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Friday, 27 November 2009 13:29 UAE time

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Drake & Scull

Main Category: Misc. Construction Services
City : Dubai
Country : United Arab Emirates


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Dubai's Drake buys into German firm, eyes more

Drake pays $39m for 82% in Passavant Roediger, sees another deal by year-end.

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Drake & Scull wins $144mn Saudi MEP deal

Firm to carry out MEP services for luxury Jeddah project, Lamar Towers.

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Drake & Scull looks to fill 300 jobs in Saudi Arabia

Dubai contracting giant set to hold recruitment day for projects in the kingdom.

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Drake & Scull plans move into telecoms industry

Construction contracting giant appoints manager for move into new sector.

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Qatar ends higher for seventh session

UPDATE 1: Bank gains help the Oman benchmark MSI end higher for a sixth session in seven.

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Drake & Scull mulls 10% shares buyback

Contracting giant's chief executive confirms move, just two months after listing on Dubai Financial Market.

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Looking for entrepreneurs, not excuses

The elephant in the room is the public sector, and the ‘easy alternative’ that path represents, says Andrew White.

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Drake & Scull

It is expected that more than 33 percent of Dubai's budget expenditure in 2009 will be earmarked for infrastructure projects. In spite of the slowdown in the economy in general and the real estate in specific, opportunities in the infrastructure sector in the region remain high.

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Dubai's Drake & Scull plans Libyan unit

Dubai contractor plans second venture in Africa in a bid to expand abroad and weather the downturn.

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Shares in D&S slump 30% on first day of trading

The Dubai contractor's stock opened at AED0.85 and closed at AED0.74 - IPO.

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Drake & Scull share price seen struggling

Engineering firm set for Dubai stock market debut Monday may face heavy selling, say traders.

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Dubai's Drake bags $163m Bahrain cooling project

Contractor to provide 85,000 tonnes of district cooling over 5-year period for Bahraini co.

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Drake & Scull looks to fill 100 new jobs

Expanding UAE contractor bucks trend amid global crisis to hold open day for jobseekers.

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UAE's DSI buys district cooling project in Sudan

Drake & Scull International's $10m acquisition part of firm's MENA expansion plans.

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Drake IPO more than 100 times oversubscribed

Dubai-based contractor reports huge demand from investors in long-awaited offering.

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Trunk work

Drake & Scull is currently undertaking three of the largest projects underway on the Palm Jumeirah.

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Drake seeks acquisitions after IPO

Dubai-based contractor to list about 55% of company on DFM, aims to raise $325mn.

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Drake and Scull waits for $272mn IPO approval

Dubai-based contracting firm still waiting for the regulator's green light for listing.

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Drake & Scull Platinum Sponsor of MEP Middle East Awards

Drake & Scull confirmed as the platinum sponsor of the 2008 MEP Middle East Awards.

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Drake and Scull looking to raise $272mn in IPO

Dubai-based contracting firm plans to sell 55% stake and list on DFM by October.

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Drake & Scull sews up major MEP contracts

MEP contractor, Drake & Scull International (DSI), has picked up a US $44.4 million (AED163 million) engineering, procurement and construction (EPC) contract for Saudi Iron & Steel Company's (Hadeed) district cooling system.

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Drake & Scull waits for IPO approval

Dubai-based contracting firm still waiting approval after changes at gov't level delayed decision.

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1,500 involved in shocking Sharjah riot

UPDATE 2: Workers set damage and fire to offices and vehicles, attack police and labour officials.

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Market mover

Already one of the largest MEP contractors operating across the Gulf region, Drake & Scull is about to become even bigger and more recognised. Executive director Khaldoun Tabari outlines the firm's next moves to Alison Luke.

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A year of success

As winners of two awards at the first MEP Awards that took place last month, Drake & Scull reflects on the past year and tells Facilities Management Middle East its plans for the future.

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Commerce conservation drive

The Dubai Chamber headquarters is a prime example of how massive energy and water savings can be achieved in an existing facility. MEP Middle East reports.

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Drake & Scull wins first Sudan contract

MEP contractor Drake & Scull has been awarded a US $21 million contract to provide MEP services for the Wahat Al Khartoum Towers project in Khartoum, Sudan.

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Drake and Scull to install switchgear panels

Gulf Dynamic Switchgear assigns Drake and Scull International to install switchgear panels for two projects in the Palm Jumeirah.

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DSI in contract win

The mechanical, electrical and plumbing (MEP) works for the Park Rotana Development project, Khalifa Park, Abu Dhabi have been awarded to Drake and Scull International.

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Drake and Scull scores MEP deal in Abu Dhabi

Drake and Scull has won a US $48 million (AED178 million) contract to provide mechanical, electrical and plumping works for the Park Rotana mixed-used development, which will form part of Abu Dhabi's Khalifa Park tourism project.

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Dubai's Palm fire: short circuit blamed

MEP contractor believes spark could have landed on materials in storage area.

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MEP contractors seek local staff

MEP contractors are aiming to raise the number of UAE nationals in their workforce.

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Emicool awards Motor City work

Drake & Scull and Thermo have won contracts for the construction of two plantrooms at the Dubai Motor City project.

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DSI to complete Dubai contracts

Drake & Skull International (DSI) has won contracts totalling US $88.5 million (AED325 million) for MEP installations on residential and leisure projects in Dubai.

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Drake & Scull signs a double Palm package

Drake & Scull International (DSI) has won US $88 million (AED325 million) worth of mechanical, electrical and plumbing work on developments in Dubai.

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Cooling joint venture takes Motor City deal

A joint venture between Drake & Scull and Thermo has won a US $90 million (AED333 million) contract from Emirates District Cooling Company (Emicool) for the construction of two plant rooms at the Motor City project in Dubailand

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Drake & Scull secures contracts

Drake & Scull International has secured over US $80million (AED298.8 million) of work in two high-profile contract wins

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Rainfall hits on-site productivity in UAE

MEP contractors count the cost of the worst December weather in the UAE for ten years as work on sites slows due to rain.

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US $40mn MEP deal goes to Drake & Scull

Drake & Scull International (DSI), a mechanical and electrical engineering contracting company in the region, has secured a US $40 million (AED 146.8 million) contract to provide complete mechanical, electrical and plumbing (MEP) solutions for the Infinity Tower at Dubai Marina

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Gaining market share

Can the MEP sector keep pace with the scale of construction in the Middle East market? With news of staff poaching and selective tendering the answer may appear to be ‘no’ but today’s volume of tenders it also providing golden opportunities for contractors. Alison Luke reports.

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MEP companies take over the reins

MEP contracts are big business in the region, as large-scale developments demand a cool head and dependable industry expertise. Alison Luke reports on the commissioning of one of the Middle East’s largest cooling plants, which will service Jumeirah Beach Residence in Dubai, and the firms behind the project.

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In the district

Dubai is moving is in the right direction for an energy efficient future says Gareth Luckin, managing director of Drake & Scull Group’s Industrial Water and Power Division. He explains to Alison Luke how district cooling is playing its part.

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READER COMMENTS

  1. Deal sought on Dubai World, Nakheel debts 15
    27 Nov ' 09 at 12:16
    We are looking at realistic action on the current situation, these investments are heading for, which I strongly feel is a positive...   More  »
  2. Dubai debts crisis: latest news 04
    27 Nov ' 09 at 11:41
    Many of us believe in the great achievements of Dubai. But bleating passionate rhetoric in favor of the greatness of our City will not...   More  »
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