Riyadh Emlak

Drake & Scull International S.A.O.S. has been awarded the P. a leading MEP engineering company in the region, has won a SAR 460 million contract to carry out the MEP work on the ICT Center project in Riyadh.

Drake & Scull International PJSC (DSI) has been awarded a SAR 460 million contract to carry out the MEP work on the ICT Center project in Riyadh.

Drake & Scull International (DSI) will execute this project in partnership with Zamil Group, one of the largest business groups in the Kingdom.

Drake & Scull International will execute this project in partnership with Zamil Group, one of the largest business groups in the Kingdom. The contract was awarded by the Pioneer Investment Company, the investment arm of Saudi Arabia's Government Pension Authority (GPA).

The contract was awarded by the Pioneer Investment Company, the investment arm of the GPA. <Khaldoun Tabari, CEO of Drake & Scull International, said: “The Saudi Arabian market is very different in its vibrancy and dynamism from the other markets we operate in the GCC region. ”We have had to adapt our business to meet the stringent standards of the Kingdom's construction industry, which is a major challenge in itself.“

He added: ”This contract win comes on the heels of our recent announcement that we won the SAR 450 contract for the Al Jawhara project in Jeddah, demonstrating that our efforts in the Kingdom are paying off and confirming our ability to further expand our activities in this market in the future.“

Communications and Technology Center (CTC) is a leading provider of construction services in the Kingdom of Saudi Arabia. The ICT Center, the first ”smart city“ in the Kingdom, will provide broadband services, state-of-the-art voice and video communication platforms, advanced information security services, and a massive network of fiber optic cables designed to provide faster Internet connectivity and compatibility with the next generation of technologies that will emerge in the coming years.

The ICT Center, the first ”smart city“ in the Kingdom, will be built on the basis of a large network of fiber optic cables designed to provide higher levels of Internet connectivity and compatibility with the next generation of technologies that will emerge in the coming years. The AED 6 billion project will be built on a land area of 776,000 square meters and will include four towers with a height of 20 floors each, two buildings that will be a technology business incubator, a sports club, a hospital, a hotel, a conference center, a technical college and buildings for government services.

The construction of the project has begun. <Mechanical, Electrical and Plumbing (MEP) works for the project have commenced and are expected to be completed within a period of 24 months, which will include the supply, installation, testing and commissioning of the following: Air conditioning, drainage, firefighting systems, power cables and transformers, lighting systems, lightning protection, digital interactive television system, surveillance cameras and more.

Drake & Co. Drake & Scull International, along with the project's main contractors, will work towards achieving Leadership in Energy and Environmental Design (LEED) certification requirements by relying on the use and recycling of water, reducing energy and lighting consumption, and rationalizing air conditioning consumption.

Tabari added. <“Winning this contract is a positive step for us on more than one level. Firstly, it confirms our position as a leading MEP company and strengthens our position among the leading contracting companies in the Middle East, secondly, it gives momentum to our expansion plans in the region, and thirdly, it contributes to increasing the size of our business, thus reflecting on our future revenues.”

Tabari added: ”This contract win is a positive step for us on several levels. <In addition, as part of its strategic growth plan, Drake & Scull International has recently established Drake & Scull Contracting Saudi Arabia to oversee and manage its civil construction activities in the Kingdom. With a proven track record in mechanical, electrical and plumbing (MEP) work, the establishment of Drake & Scull Contracting Saudi Arabia is a further confirmation of the company's integrated capabilities, which allow it to actively contribute to the development of several large-scale projects planned by the government in Saudi Arabia.

Tabari said. <“To date, Drake & Scull International has demonstrated that it has the capabilities and resources to take on such large-scale projects, reflecting its leading position in the market,” said Al-Tabari. “This new contract not only strengthens the company's financial position, but also opens the way for it to capitalize on major future opportunities and contribute more strongly to the implementation and development of mega projects that the government plans to roll out in the Kingdom.”

Tabari added.