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FINANCIAL NEWS
Saudi Arabia awards $79m deal to DSI
01 Dec 2010
(MENAFN) Saudi Arabia has awarded a subsidiary of Dubai contractor, Drake & Scull International (DSI), a contract to build and operate a cooling plant valued at $79 million, in the Kingdom, Reuters reported.
The DSI�s subsidiary, Drake & Scull Water and Power (DSWP) will engineer, procure, construct and operate the district cooling plant in Riyadh which will have a capacity of 35,000 tons.
DSWP, which specializes in mechanical, engineering and plumbing businesses, is scheduled to complete the project within the upcoming 18 months.
As of September 2010, DSI’s projects in Saudi Arabia contributed to 29 percent of the company’s total backlog, including the backlog consolidation of recently acquired Drake & Scull International Saudi, and seeks to increase the figure to reach 50 percent by the year 2011.
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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