Drake & Scull International Kuwait wins 2 contracts totalling over US$24.52 million

Sunday, February 28, 2010

Drake & Scull International for Electrical Contracting Kuwait (DSK) - a prominent player in Mechanical, Electrical & Plumbing (MEP) contracting in Kuwait has been awarded 2 contracts, worth over US$24.52 million, within the education sector in Kuwait City, Kuwait.

These contract wins are the first for DSK since being acquired by Drake & Scull International (DSI) in December 2009.

Khaldoun Tabari, Vice Chairman and CEO of DSI PJSC, commented: “We chose to acquire DSK since the company already has a prominent presence and well-respected reputation in the Kuwaiti market”.

DSI acquired 75% of DSK in late December, 2009, in step with the company’s declaration since its IPO to actively pursue acquisition negotiations in Kuwait, Qatar and Saudi Arabia.

“DSI growth strategy is focused on strengthening our presence in Kuwait, among other markets, and with the help of DSK, we expect to establish ourselves in the Kuwaiti market as leaders in the MEP industry”, said Tabari. “Kuwait’s growing population is making demands on the country to expand its infrastructure, healthcare, and real estate sectors, so we see a lot of potential there”.

Kuwait announced earlier this year a US$104 billion four-year economic stimulus plan. The plan includes spending on major infrastructure development throughout Kuwait that includes the building of roads, airports, hospitals and schools – estimated to be worth over US$20 billion in contract revenue – in addition to the residential and commercial projects that will be needed to meet the demands of the country’s rapid population growth.

“From every angle, DSI sees an abundance of opportunities within Kuwait, and our encouraging start to the year provides a positive insight for 2010”, concluded Tabari. /div>


Express your comment on this article

Submit your comments...
     
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.
Image

“What have you done for me?”

Suruchi was twelve years old, when she had blurted out the above words, and her words had sharp

Image

Linking India to Kuwait through Music: The One and Only Veena Guru in Kuwait.

Veena is one of the most ancient south Indian instruments. However, amongst the multitude of string

Image

GST: One Nation, One Tax

When parliament of India passed constitutional amendment bill in 2016, it paved the way for GST. An

Image

Earth Day – Celebrating Earth Day is more important than ever

These days, I have seen people, including children being aware of the consequence of environmental

Image

An Indian Voice for Football

An Indian football commentator who revolutionized regional language commentary with a unique record

Image

Confidence, Discipline and Health, the Karate Way

In the present world we talk a lot about self-dependency and the courage to face the world. Self-co

Image

Creating History in Quality Construction, Dr. Abdul Razzak Rumane

Dr. Abdul Razzak Rumane, a Registered Senior Consultant (RSC) with The Chartered Quality Institute

Image

We chose happiness and compassion; we chose life

It is a widely accepted fact that the ultimate aim of anyone in this world is to attain the state o

Image

Just Imagine

I had the flu. I had never felt so alone. I missed my family. Shivering, I huddled deeper inside th

Image

A Satvik Restaurant in Kuwait

“A recipe has no Soul; You as the Cook must bring soul to the recipe” -Thomas Keller Yes, you ha

Image

Mughal Mahal Exotica - An aromatic and exotic twist to Indian food

When it comes to Indian food in Kuwait, no doubt ‘Mughal Mahal’ set an example among the residents

Image

Experience Indian Corner Tandoori Nights at Al Manshar Rotana Hotel

Al Manshar Rotana Hotel at Fahaheel, Kuwait launched an authentic Tandoori Night with an Indian cor

Image

Biryani & Kebabi restaurant opened at Arabia Mall in Egila

Biryani & Kebabi is the newest addition to Al Sabah & Kohli food and beverage brands. Al Sabah & Ko

Image

Indulge in the luxury of Indian dinner every Tuesday at Jumeirah’s Garden Café

We all love luxury. We have many occasions to celebrate life luxuriously. Be it our anniversary, bi

Image

Team Shifa Al-Jazeera Soccer Kerala Wins Kefak Grandhyper Soccer League

KEFAK Soccer League Season 5 ended with Team Shifa Al-Jazeera Soccer Kerala defending t

Image

Indian Cricket Captain Virat Kohli Bats For Charity at Fundraising Gala Dinner in London

The Virat Kohli Charity Ball to be held on Monday, 5th June 2017 at the HAC Ground The Virat Koh

Image

Champions FC march to Finals

Captian Prince's goal bestows Champions FC a historic march into the finals in KEFAK GRAND HYPER LE

Image

Friday Court clinch Q7 Kuwait Premier League Season 9

Tail ender Basharat Ali Khan hit an unbeaten 21 including the winning six to steer Friday Court to

Image

Ramadan Sports Mania 2017 by Don Bosco Oratory

Don Bosco Oratory Kuwait is once again pleased to announce its Ramadan Sports Mania for the Indian