FINANCIAL NEWS

Dubai’s Drake & Scull signs $91m Palm Jumeirah development

13 Apr 2015

(MENAFN) Dubai’s Drake and Scull, the caterer of a diverse range of businesses and the builder of the Gulf’s most remarkable landmarks, signed a USD90.94 million deal for Palm Jumeirah development scheme, Arabian Business reported.

Under the deal, Drake and Scull is going to provide the services of mechanical, electrical and plumbing works on a hotel set to be built upon the emirate’s Palm Jumeirah, according to a corporate statement by Drake and Scull.

The hotel project marks one phase of the whole development plan, which also includes two gigantic residential buildings. The specific value for every included project remains yet undisclosed, according to Drake’s bourse statement.

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