Drake & Scull bags $34mn Yas Island deal

by Claire Ferris-Lay Monday, 14 July 2008

Drake & Scull International said on Monday it has won a $34 million order to install the full mechanical, electrical and plumbing works for the Yas Island Rotana Resort in Abu Dhabi.

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Work on the two hotels, which are part of Aldar Properties $40 billion development project, is expected to be completed by June 2009.
“These projects are a great opportunity for us to strengthen our well-established presence in Abu Dhabi and to demonstrate our capabilities and experience in providing fast-tracked MEP solutions,” Khaldoun Tabari, CEO of Drake & Scull International, said in a statement.

Drake & Skulls plans to sell around 1.2 million shares to the public, representing about 55 percent of the company in an offer which closes on July 17.



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