Drake and Scull International Awarded AED 200 million Civil Construction Contract for ‘The Binary’ Tower in Dubai

Drake & Scull International Awarded AED 200 million Civil Construction Contract for ‘The Binary’ Tower in Dubai

[Dubai, 6 May, 2012] Drake & Scull Construction the Civil ( DSC) Contracting arm of Drake & Scull International (DSI) PJSC, a regional market leader in integrated design, engineering and construction disciplines of Civil ContractingWater and Power and Mechanical, Electrical and Plumbing (MEP), has announced that it has been selected as the main contractor for the construction of the Binary commercial tower at Dubai’s Business Bay.

The contract is valued at AED 200 million and the scope includes all associated construction works to complete the tower.
Developed by ‘Omniyat’ a market leading real estate development company based in Dubai, the Binary is a 25-story commercial tower offering grade A commercial space with magnificent waterfront views of the thriving Business Bay area in the heart of Dubai’s Skyline.

“We have been able to secure some of the key developments that we have been eyeing over the past months as part of our efforts to increase our market share in the civil business across the MENA region. The Binary agreement reflects our successful and continuous growth in this line of business and gives us cautious optimism about the construction industry outlook in the UAE. We have already mobilized on site and commenced work with an estimated completion date in early 2014” said Saleh Muradweij, Managing Director of Drake and Scull Construction.

DSC has achieved strong and consistent performance since its inception in 2010. The company has successfully carried off the transformation from being primarily a UAE based contractor to substantially increasing its footprint in both KSA and Qatar and North Africa within the span of one year. The emphasis on regional diversification has proved to be highly strategic as DSC achieved tremendous progress particularly in Saudi Arabia and just recently through a major breakthrough into the Algerian market with a project valued at AED 845 million.


About Drake & Scull International PJSC

Drake & Scull International PJSC (DSI) is a regional market leader delivering world class quality projects via end to end solutions that provide integrated design, engineering and construction disciplines of Mechanical Electrical and Plumbing (MEP), Civil Contracting, and Water & Power Infrastructure, through People, Innovation, and Passion.

DSI established its first office in Abu Dhabi in 1966, and has since expanded operations to encompass offices in Dubai, Egypt, Kuwait, Libya, Oman, Saudi Arabia, Syria, Qatar, Jordan and Thailand, as well as managing projects in Europe and other parts of North Africa DSI ‘s main business streams include Drake & Scull International, which serves as the MEP arm, Drake & Scull Construction (DSC), which is the General Civil Contracting unit and Drake and Scull Water & Power (DSWP), which focuses on the Water & Power and Infrastructure sector.
In 2008, DSI offered 55% of its shares to the public and the IPO was oversubscribed 101 times. Ernst & Young ranked the IPO among the top 20 global IPOs in 2008.
DSI has since then used the funds to integrate, establish and acquire businesses that compliment its corporate strategy of expansion into new markets, via organic and inorganic growth.

The fully Integrated Management Systems, certified to ISO 9001:2008, ISO 14001:2005 and OSHAS 18001:2007 standards are compliant with leading building, health and safety regulations, as well as sound environmental and energy management procedures.
DSI is a leader through experience, and has established a regional leadership position over 44 years of successfully completing the most complex projects on time, within budgets and matching set quality parameters.
DSI has completed many prestigious projects in the region for over four decades, and has helped shape the region’s skyline from within.