Drake & Scull launches second hospitality project in Egypt

Drake & Scull International (DSI) PJSC, a regional market leader in integrated design, engineering and construction disciplines of Mechanical, Electrical and Plumbing (MEP), Civil Contracting, and Water and Power, announced today its second hospitality project in Sharm El Sheikh, Egypt for a value of AED 80 million.

DSI will carry out the engineering, supply, installation and commissioning of the complete main MEP works of this prestigious project developed by a regional and prominent Real Estate Investment company.

Commenting on the achievement Khaldoun Tabari, CEO of DSI said “We anticipate substantial growth for DSI in Egypt, driven by the large population growth that fosters strong real estate domestic demand in addition to the fundamental need for infrastructure development.”

“Our future is promising in the country, we are delighted to have secured our second contract in the hospitality industry, and we are also currently strategically targeting the commercial, residential and healthcare sectors.”

Mark Andrews, The Managing Director of DSI- MEP added, “The latest political developments in the country had minor effects on our operations. However, we altered our project scheduling and adapted programs that simultaneously address time limitations and reflect resource constraints. We have managed to streamline our procurement schemes and, most importantly, realign our labor force. Our Team mobilized on site and commenced construction of the MEP works. We expect to complete this fast track project in February 2012.

Also, work on the recently secured AED 460 million Nile Corniche Project in Downtown Cairo, is on schedule with the full staff now on board performing engineering, procurement, and construction activities in one of the most critical stages of the project requiring intense and accurate coordination. The project will be handed over on 2014. ” He concluded.