The continued economic growth momentum in the Gulf region and elsewhere leads to further expansion of infrastructure projects. Against this backdrop, Drake & Scull International PJSC (DSI), a regional market leader delivering world-class integrated engineering through the design and build disciplines of mechanical, electrical and plumbing (MEP), civil contracting and water & power solutions, remains bullish on its expectations for the second half of the year. DSI has managed to secure a series of civil, MEP and water & power projects in Oman, Egypt, Kuwait, Saudi Arabia, UAE, Asia and Europe for a combined value of around SR3.45 billion. The company is currently extensively bidding for projects in the MENA and Asian regions through its MEP, civil and water and power divisions and is also proactively seeking to develop its integrated service offering and to diversify into various industry sectors in emerging markets. Mark Andrews, Managing Director of DSI-MEP, said "DSI has successfully completed a reputable project profile of hospitals of different size and complexities in the region such as the Mina hospital in Makkah, the Jizan hospital in Jizan and the Rashid hospital and American hospital expansion in Dubai, among others. We recognize that the efficiency and reliability of hospitals' building systems are critical to ensuring optimal patient care and are paramount to maximizing the overall productivity level of the facility." DSI's proven technical and integrated services in the health care industry will enable it to apply its state of the art engineering capabilities and latest software technologies in this project. "We will start the pre-commencement of the MEP works immediately and we expect to hand over the project in November 2012," he added. DSI Abu Dhabi, a wholly owned subsidiary of DSI PJSC, said in a statement early in the week that it has been awarded an AED170 million contract for the complete MEP works for the second and final package for Danat Al Emarat Women & Children's Hospital in Abu Dhabi. Khaldoun Tabari, CEO of DSI, said "we have successfully secured AED3.4 billion worth of work since the beginning of the year, which clearly indicates the effective diversity of our service portfolio across the region and our commitment to maximizing our shareholders value. We started Q3 with this prominent project win in the Emirate of Abu Dhabi, the second largest contributor to our backlog and a competitive and dynamic market where DSI first operated in the region, evolved and accumulated a great level of expertise through the execution of a prestigious profile of iconic projects across the residential, commercial, healthcare, and hospitality industries over the past 45 years.'' Developed by United Eastern Medical (UEMedical), Abu Dhabi's leading privately owned Healthcare Development and Investment Company, Danat Al Emarat Women & Children's Hospital is the first planned all-digital hospital in Abu Dhabi. The 11-storey,150-bed hospital will provide critically needed maternity and neonatology services in the capital and will set a new standard in patient care delivery and will become a regional center of excellence in women's and children's health, and a referral centre for high risk pregnancies, in addition to being specifically designed to ensure a comfortable and safe environment for its patients, staff and visitors. The main contractor of the project is the international construction company "TERNA" which was awarded by "UEMedical" the construction contract of the second and final package of the hospital earlier in March. The value of the contract is AED440 million and the total built-up area of Phase one is approximately 70,000 square meters spread across 11 floors and 2 basement levels with the project scheduled for completion in the fourth quarter of 2012.
