Drake & Scull International, a regional market leader in engineering and construction services, said it has won a Dh600 million ($163 million) contract to provide mechanical, electrical and plumbing (MEP) services for the Reem Mall, a 2.8 million-sq-ft lifestyle, retail and entertainment destination, located in Abu Dhabi’s prestigious Reem Island.
The project is being developed by Al Farwaniya Property Developments, a partnership between Agility, its affiliate United Projects for Aviation Services Company (UPAC), and the National Real Estate Company (NREC).
Itinera-Ghantoot JV, a joint venture between Itinera, one of Italy’s largest construction companies, and Ghantoot, one of UAE’s leading builders is the lead contractor of the project.
As per the deal, Drake & Scull International will be executing the MEP works of the project under a joint venture agreement with Itinera-Ghantoot.
Located in the heart of Reem Island, Reem Mall will host around 450 stores, featuring 85 food and beverage outlets and various family-friendly entertainment attractions, including Snow Park Abu Dhabi by Majid Al Futtaim.
Drake & Scull International said it had achieved progress on its ongoing comprehensive restructuring efforts, with the restructuring committee appointing international restructuring advisers, to initiate a comprehensive operational and financial plan to stabilize the business and support future growth.
The company also aims to accelerate bidding and secure carefully selected projects, predominantly in the UAE, with several fully financed projects in various stages of active bidding, it added.
TradeArabia News Service
05/12/2018
