Project is scheduled to be completed by 2016
Dubai's Drake and Scull has won a AED290 million ($79 million) contract to provide mechanical, electrical and plumbing works for a mixed-use property development in the city, the engineering firm said on Sunday.
The project is scheduled to be completed by 2016, while the latest award takes the value of contracts won by Drake and Scull this year to about AED1 billion, it said in a filing to Dubai's bourse.
Ahmad Al Naser, managing director, Drake & Scull Engineering, said: “We
are pleased to continue our positive start to 2015 by securing the contract for
the prestigious mixed use Downtown Dubai development. The project award is a
significant milestone in our five decade history in the UAE, which continues to
be a major market for the DSI PJSC group of companies. We are delighted to have
secured the Jewel of the Creek MEP contract and the AED 334 Million iconic
hotel project in Dubai earlier this year. We look forward to a year of growth
and consolidation across all our key markets. We are optimistic about the
potential of Dubai’s real estate sector as it moves ahead with the Expo 2020
related construction activities.”