Monday, June 19, 2017

Drake and Scull set to sign three new projects

Dubai-based building contractor Drake & Scull International is close to signing three new projects including a wastewater treatment plant, said a Reuters report citing the company's chief executive.

The other two projects are in the mechanical, electrical and plumbing sector in the UAE, revealed Wael Allan, adding that "they were in "final stages of negotiations."

DSI, like many construction firms in the region, has been hit hard by the low oil prices and an economic slowdown in the sector, the company said in its consolidated financial results published in March.

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