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DSI snatches KSA, Abu Dhabi contracts
- United Arab Emirates: Tuesday, March 19 - 2013 at 13:58
The DFM General Index closed 1.04% higher at 1,911.98 points Tuesday as "panic" over the disputed Eurozone Cyprus bailout package settled. Emaar gained 1.30% to reach Dhs5.46. Real estate maintenance service- and energy provider Drake and Scull International, known as DSI, fell 0.39% to Dhs0.764. Earlier in the day, DSI said it has recently been awarded contracts collectively worth Dhs369m million for the construction of three banking facilities including a major data centre in Saudi Arabia and a utility project in Abu Dhabi. "DSI has been awarded three separate contracts by KSA's 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." DSI also snatched a Dhs82m contract for the construction of a government utility project in Abu Dhabi. DSI has managed to secure DHs1.1bnworth of work in KSA, Qatar and Abu Dhabi year to date.
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Gérard Al-Fil, Financial JournalistTuesday, March 19 - 2013 at 13:58 UAE local time (GMT+4)
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