Drake & Scull International (DSI) has secured a contract worth US $14.4mn for mechanical, electrical, and plumbing (MEP) services for The Ritz-Carlton Residences in Business Bay.
The contract has been awarded by the Khamas Group of Investment companies, a UAE-based real estate developer. The Ritz-Carlton Residences, Dubai is a 48-key project located along the Dubai Water Canal.
DSI said it has secured several significant projects since the company underwent a major restructuring in 2024. This restructuring included a plan to increase capital by up to $163.35mn.
In May, the company reported a 81% year-on-year increase in Q1 profit, reaching $1.20mn. Additionally, revenues surged to $20.87mn, marking 152% year-on-year growth.
Hence then, the article about drake scull international secures contract for mep services was published today ( ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Drake & Scull International secures contract for MEP services )
Also on site :
- Man who spammed mobile phone customers with sophisticated Royal Mail scam jailed
- The sex scandal hidden in the Bayeux Tapestry: Scene depicting a naked man and a mysterious woman might have been a subtle nod to an affair, expert claims
- One last U-turn! Keir Starmer QUITS as an MP despite promising he would stay on after being ousted by Burnham... leaving new PM with by-election headache