DSI awarded contracts worth Dhs369m in KSA and Abu Dhabi

DSI has been awarded three separate contracts by Al Rajhi Bank with a combined value of Dhs287m to construct the bank's Cash Centre, Operations Centre and a major Data Centre facility in Riyadh. The company has also secured an Dhs82m contract for the construction of a government utility project in Abu Dhabi.

Commenting on the award, 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 broad 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 KSA and the utility project in Abu Dhabi."

"DSI is well suited for Data Centre Projects given our proven expertise with Electrical Systems, Design and Build for the Telecom industry and our modular construction capabilities through our subsidiaries, and we hope to secure more of these specialized projects in 2013".

DSI has strong familiarity with Data Centers, with the Telecom capabilities offered by DSWP which include design and build services for Switching Centers, Data Centers as well as optical networks. The company has been involved in Data Centers, via DSI Rail, which setup communications networks as part of Rail SCADA systems in East Asia and Europe.

DSI closed the year 2012 with a record high backlog of Dhs9.1bn as of the 31st of December. The company is poised for significant growth in 2013 and has managed to secure Dhs1.1bn worth of work in KSA, Qatar and Abu Dhabi year to date.