• HSBC

Drake bids for Dhs700m of contracts

  • United Arab Emirates: Thursday, August 06 - 2009 at 11:57

Drake & Scull International is bidding for contracts worth some Dhs700m ($190.6m) in the Gulf and hopes to win its first contract in Libya in the next three to four weeks. DSI, which specialises in mechanical, engineering and plumbing businesses and listed on the Dubai Financial Market in March, has a project backlog worth Dhs2.9bn. Most of the projects it is bidding for are outside the UAE.

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