By Edward Attwood
Dubai contractor says order backlog has grown by 66 percent since end-2009, takes value of contracts won this year to $817m.
Dubai-based contractor Drake & Scull International (DSI) on Monday announced that it has won three new contracts, two based in Oman and one in Dubai.
The combined value of the three contracts is $27m.
DSI will oversee the supply, installation, testing and commissioning of mechanical, electrical and plumbing (MEP) works for the two projects in Oman and the complete civil construction and MEP works for the latest project in Dubai.
When contacted by Arabian Business, DSI, which specialises in mechanical,
engineering and plumbing businesses, said that the names of the clients were being withheld at the clients’ request.
The new deals bring the total value of new contracts won this year by the company to $817m, compared to the $544m gained in 2009.
“At the beginning of 2010, we set out to expand our business portfolio and estimated an end-of-year backlog of over AED5bn ($1.36bn),” said CEO Khaldoun Tabari. “As it stands now, the company’s backlog is a realisation of that.”
DSI also confirmed that its backlog – as of 30 September – stood at $1.5bn, a 66 percent increase over the backlog recorded at the end of last year.
That figure includes the order book of the Saudi company that DSI bought earlier this year.