17/08/2017 07:32 AST

Drake & Scull International (DSI), a regional market leader in engineering and related services, has announced that it will proceed with the mechanical, electrical and plumbing (MEP) works for the Fairmont Abu Dhabi Hotel and Serviced Apartments under a Dh233-million ($63.44 million) contract.

Strategically located adjacent to the landmark Marina Mall in Abu Dhabi, the Fairmont Abu Dhabi Hotel and Apartments Towers are owned by Abu Dhabi-based National Investment Corporation.

Mohammad Atatreh, board member of Drake & Scull International, said: “Our work for Fairmont Abu Dhabi Hotel and Serviced Apartments reflects the high confidence in our services and capabilities within the local and regional property and tourism sectors, particularly in terms of hospitality development and MEP execution. It also highlights DSI’s involvement in strategic projects that are reinforcing Abu Dhabi’s regional and global stature as a preferred leisure and lifestyle destination. We look forward to extending our support to this major local development.”

The Dh1-billion ($272 million) iconic development is a 39-floor Arabian-themed arched structure. It occupies an overall area of 178,000 sq m with an extensive water frontage.

The tower comprising 563 five-star hotel rooms and 249 serviced apartments. The project features a network of sea water canals where guests can travel in specially designed Arabian boats. The opulent Fairmont Gold rooms and lounge will be situated on top of the bridge between the hotel and residences.

The project is scheduled for completion and handover in 2018.


Trade Arabia

Drake & Scull chairman resigns

11/09/2017

Drake & Scull (DSI) on Sunday said that Majid Saif Al-Ghurair, company’s chairman, has resigned from his position.

The Dubai-listed company, in a short statement to the bourse, said that Al-

Arab News

DSI subsidiary awarded Dh175m contract

22/08/2017

Drake & Scull International, the Dubai-listed contractor, confirmed on Monday its subsidiary, Gulf Technical Construction, was awarded a Dh175-million-contract to build a project in Dubai’s Business

Gulfnews

Drake & Scull removes CEO as it pares losses

15/08/2017

Dubai-based construction firm Drake & Scull has terminated the contract of its CEO Wael Allan after less than a year in the role.

The contractor on Monday posted a loss of 182.7 million dirh

Arab News

Ticker Price Volume
QNBK 123.30 103,897
MMG 0.00 0
CHEMANOL 7.11 932,192
SABIC 100.87 2,504,855
RIBL 11.97 465,866
TRADEUNION 20.69 200,872
BURUJ 34.50 110,831
DSI Sector Market
P/E
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ARTC 2.93 -0.01 (-0.35%)
EMAAR 8.80 -0.11 (-1.24%)
EMAARMALLS 2.40 0.00 (0.00%)
DAMAC 3.78 -0.04 (-1.05%)
UPP 0.84 -0.01 (-1.64%)
Etisalat: iPhone 8s to hit UAE stores on Saturday, September 23

23/09/2017

Avid Apple consumers will have to wait until later next month to order the new iPhone X but etisalat announced on Friday that it will begin offering the new generation iPhone 8 starting Saturday, Sep

Gulf News

HSBC Saudi Arabia leads KSA’s first accelerated bookbuild

22/09/2017

HSBC Saudi Arabia successfully led the execution of the first accelerated bookbuilding (ABB) process in the Kingdom with the sale of 16,000,000 shares in Almarai Company. The sale represents a 2 perc

Arab News

Tawuniya offers private motor insurance program

22/09/2017

The Company for Cooperative Insurance (Tawuniya) has launched a comprehensive private motor insurance program. Al-Shamel program offers vehicle owners an insurance cover for any accidental loss or da

Arab News

It's awards season for A. Schulman and Sabic

22/09/2017

Materials makers A. Schulman Inc. and Saudi Basic Industries Corp. each recently won awards for their customer service and for the quality of their materials.

Fairlawn, Ohio-based Schulman

Plastic News

Brand survey reveals loyalty levels among UAE banks

22/09/2017

Emirates NBD inspires more customer loyalty than other UAE banks and has the highest trust levels in the country according to a new report released on Thursday.

The Bank Brands Customer Loya

Arab News