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FINANCIAL NEWS
Drake & Scull Water and Power wins USD20.4m deal in Al Ain
13 Sep 2011
(MENAFN) Drake & Scull Water and Power, a subsidiary of Drake & Scull International (DSI), said that the company won a USD20.4 million infrastructure deal to build a sewerage project in Al Ain, reported Arabian Business.
The Dubai-based firm added that as a result of the global financial crisis that hit the construction sector in Dubai, DSI started to shift its focus on other markets like Algeria.
It also said that work in Al Ain project would start immediately and would be expected to complete by November of next year.
It is worth noting that in 2011’s first six months, DSI secured USD888 million in contracts and its net income in the second quarter rose 12 percent from the first quarter to USD13.8 million.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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