Developed by Raimon Land, whose majority shareholder is IFA Hotels and Resorts, The River will consist of north and south towers of 42 and 71 floors consecutively. Each tower will contain one, two and three bedroom apartments, duplexes and penthouses. The project will also have a lap pool, wet edge riverfront leisure pool, fitness centre, sky garden with lap pool, water cooled air conditioning system and fully integrated fire warning systems.
DSI Vice Chairman and CEO Khaldoun Tabari, said:
"Our continued expansion, now going beyond the Mena region and into South East Asia, once again shows DSI is fulfilling the promises it first made when listing on the DFM. As we continue to grow and diversify our operations, DSI validates the faith investors are continuing to show in the company and its future. We are very enthusiastic about our newly opened Thailand office and DSI is actively looking to secure new deals in this region."
DSI's contract with The River incorporates the supply, installation, testing and commissioning of complete MEP works including: Air Conditioning, Ventilation, Plumbing and Drainage, Automatic Fire Fighting, Transformers, Cabling, Small Power & Lighting Systems, Busbar Risers, Earthing & Lightning Protection, Dimming System, Digital Interactive TV System, CCTV and Access Control System. MEP works for The River will take 24 months.
Project management and engineering positions will be filled by DSI employees from the UAE office with an Operations Manager being employed specifically for Thailand, while the remaining of the skills needed for the project will be provided by the local market.
DSI is a leading UAE-based end-to-end service provider of MEP contracting, infrastructure, water and power (IWP) and civil contracting services. On March 16 2009, DSI became the first specialist contracting company to list on the Dubai Financial Market (DFM).
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Posted by Rana Mesbah
