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DSI secures AED 110-mln deal for Qatar district cooling plant

DSI secures AED 110-mln deal for Qatar district cooling plant
Drake & Scull
DSI
-2.63% 0.37 -0.01
Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Engineering, Rail, Oil and Gas, Water and Wastewater Treatment, has announced that its engineering (MEP & Water and Power) business Drake & Scull Engineering (DSE) has won a contract worth AED 110 million for a District Cooling Plant at Lusail City, one of the most ambitious and groundbreaking cities developed by Qatari Diar Real Estate Investment Company.

Under the terms of the agreement, DSE Qatar will design and build a district cooling plant, of 14,250 Tons of Refrigeration, that will supply chilled water to the early completed buildings in Lusail City, by July 2015.

The scope of work includes building of District Cooling Plant 14,250 TR along with all associated equipments, controls, instruments, piping and valves. DSE Qatar will also undertake civil work for foundations, plinths, above ground concrete water tanks, and electric rooms, including 11 KV switch gear rooms, transformer rooms, LV MCC rooms and generator rooms, as required by “KAHRAMAA” Qatar General Electricity and Water Cooperation.

Ahmad Al Naser, Managing Director of Drake & Scull Engineering, said, “These are exciting times for Qatar's construction segment, which is expected to grow by 10.1 per cent before the end of 2014, according to a report by Business Monitor International (BMI), a leading, independent provider of proprietary data, analysis, ratings, rankings and forecasts. With this large influx of projects, Drake & Scull remains steadfast in its commitment to play a major role in the industry's growth by leveraging its brand of world-class high quality services across Qatar’s current batch of high-profile projects.”

Commenting on the award, Karem Akawi, Area General Manager, Drake & Scull Qatar, said: “The winning of the contract for this project reaffirms our engineering expertise, which has been one of our key strengths in bagging several major contracts in Qatar. Qatar is rapidly expanding its construction and infrastructure sectors in line with the 2022 FIFA World Cup and Qatar National Vision 2030 and DSI will continue to be a crucial player in contirubting to Qatar’s growth and development. In addition, we are aiming to expand into the country’s new and upcoming sectors such as Rail and we look forward to playing a pioneering role in Qatar’s public transport sector.”

DSI Qatar is well established as a market leader .The company enjoys a strong relationship with governmental development entities and major local property developers. DSI Qatar boasts of an impressive portfolio of ongoing projects in Qatar, including a AED 305 million contract for a mixed-use real estate development project in Doha, a AED 181 million residential project, and the AED 400 million MEP deal for Qatar Mall. The company has also delivered several prestigious projects in the past, such as the Four Seasons Hotel, the Qtel Tower and the Doha Land District Cooling Plant and has a healthy backlog and a history of consistent profitability.