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Mon 2 Sep 2013 09:54 AM

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Dubai’s Drake wins key $113m Louvre deal in Abu Dhabi

Dubai-based contractor to provide MEP works for Saadiyat Island project

Dubai’s Drake wins key $113m Louvre deal in Abu Dhabi

Dubai-based contractor Drake & Scull International (DSI) has won a $113m contract to complete mechanical, electrical and plumbing (MEP) works at Abu Dhabi’s version of the Louvre Museum.

The deal was awarded by the Arabtec-led joint venture that won the $653m main contract from Abu Dhabi’s Tourism Development and Investment Company (TDIC) to build the museum in January this year.

The Louvre, an offshoot of the celebrated Paris institution, is one of three huge museums being built on Saadiyat Island by the government-backed Tourism Development and Investment Company (TDIC).

Alongside the Guggenheim and the Zayed National Museum, the Louvre had been scheduled to open either this year or in 2014 but had been delayed after a government review of projects. It is now set to open in 2015.

DSI said its portion of the work on the Louvre would be carried out in coordination with another Dubai-based contractor Habtoor Leighton Specon, and that work would be complete in the last quarter of 2015.

At the beginning of August, DSI reported a 63 percent rise in net profit to $14m in its second-quarter results.

The firm has won a series of recent projects in Saudi Arabia and the UAE, including a $461m contract to build a twin-tower residential and commercial development in Jeddah. At the time, DSI said it had won $1.6bn worth of new contracts this year.

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