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DSI wins US$163.35mn Reem Mall MEP contract in Abu Dhabi

DSI accelerates projects bidding in UAE and continues its ongoing restructuring efforts. (Image source: DSI)

Drake & Scull International PJSC (DSI), UAE-based construction and engineering company, has been appointed as the mechanical, electrical and plumbing (MEP) contractor for the Reem Mall project, a 2.8mn sq ft lifestyle, retail and entertainment destination in Abu Dhabi?s Reem Island

The company has been awarded a US$163.35mn contract to execute the MEP works of the project under a joint venture agreement with Itinera-Ghantoot, the main JV of the project.

Reem Mall is set to host around 450 stores, featuring 85 food and beverage outlets and various family-friendly entertainment attractions including Snow Park Abu Dhabi by Majid Al Futtaim.

The project is being developed by Al Farwaniya Property Developments, a partnership between Agility, its affiliate United Projects for Aviation Services Company (UPAC) and the National Real Estate Company (NREC).

Itinera-Ghantoot JV, a joint venture between Itinera, one of Italy?s largest construction companies and Ghantoot, one of the UAE?s leading builders is the lead contractor of the project.

The company is achieving progress on its ongoing comprehensive restructuring efforts and the restructuring committee has appointed international restructuring advisers, to initiate a comprehensive operational and financial plan to stabilise the business and support future growth.

In addition to this, the company also aims to accelerate bidding and secure carefully selected projects, predominantly in the UAE, with several fully financed projects in various stages of active bidding.

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