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FINANCIAL NEWS
Dubai’s DSI revenues may reach USD816m in 2011
23 Nov 2011
(MENAFN) Drake & Scull International said its revenues are projected to reach USD816 million by year-end, Arabian Business reported.
The Dubai-based construction firm added that it expects its business to grow 20-25 percent next year as it is extending operations further into Saudi Arabia and Libya.
Zeina Tabari, Chief corporate affairs officer, said that DSI expects its profits to grow in the fourth quarter. The company increased profits in the third quarter by 76 percent to USD16.3 million from USD9.25 million a year earlier.
Drake & Scull is expanding business outside of Dubai, especially in Saudi Arabia, and is currently seeking opportunities in Asia, the Middle East and North Africa.
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