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Drake & Scull International (DSI) has won a series of new contracts totalling US$100mn for the construction of three banking facilities in Saudi Arabia and a utility project in UAE capital Abu Dhabi
Al Rajhi Bank has contracted DSI to construct the bank’s cash centre, operations centre and a major data centre facility in Riyadh. The combined value of the three projects is US$78mn.
DSI also secured a US$22mn contract for the construction of a government utility project in Abu Dhabi.
Saleh Muradweij, executive director of Drake & Scull Construction, said, “These projects are indicative of the favourable market conditions and the aggressive pace of development being undertaken across the public and private sectors in two of our main growth markets.
“DSI’s expertise in general contracting and our deep understanding of the regional construction landscape will allow us to deliver on time our new contracts with Al Rajhi Bank in Saudi Arabia and the utility project in Abu Dhabi.”