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Fri 31 Jul 2015 09:05 AM

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Dubai's Drake wins $59m education deal in Kuwait

Kuwaiti unit of Drake & Scull Int'l secured contract on 'major education institution'; set for 2018 completion

Dubai's Drake wins $59m education deal in Kuwait
Khaldoun Tabari, CEO and vice chairman of DSI.

Drake & Scull International has announced that its engineering subsidiary in Kuwait has secured a contract worth AED218 million ($59.3 million) for a major education institution which is scheduled to be completed in 2018.

The deal won by Drake & Scull Engineering Kuwait brings DSI's total project awards in 2015 to AED1.57 billion, according to a company statement.

Under the terms of the agreement, the Kuwaiti subsidiary will undertake construction, operation and maintenance of electrical works.

Ahmad Al Naser, managing director of Drake & Scull Engineering, said: "Kuwait remains one of DSE's most strategically important markets in the Middle East, as we have established a leading position in the country's engineering sector.

"The contract for the education institution is a prestigious win which further cements our association with Kuwait's education sector.

"With a growth in non-oil segments and expansion of the consumer sector, the Kuwait real estate sector is currently enjoying a growth upswing and DSE is confident of capitalizing on this forward momentum by securing more large-scale projects in Kuwait in the near term."

DSI's ongoing projects in Kuwait include the College of Business, College of Arts, the College of Health and Sciences for Girls, Sheikh Saad Sports Complex, Sheikh Jaber Cultural Centre, Government Centre for Testing and Research, Souk Al Kuwait, Souk Al Kabeer, Al Sager Cardiac Clinic.

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