Drake & Scull secures AED 175 million deal in Dubai

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Drake & Scull secures AED 175 million deal in Dubai

Drake & Scull International PJSC, has confirmed that its general contracting subsidiary, Gulf Technical Construction Company (GTCC), has been awarded an AED 175 million contract by Orion Real Estate Development L.L.C. to build the latter’s latest project, the West Bay residential tower located at Dubai’s Business Bay.

The scope of work includes construction, civil engineering, and mechanical, electrical and plumbing (MEP) works scheduled for completion within 33 months. The West Bay residential tower is strategically located in the region’s new business capital, the Business Bay central business district, which is being developed as a commercial, residential and business cluster spanning a 5.9 million sqm area from Ras Al Khor to Sheikh Zayed Road. Once completed, the 34-storey West Bay residential tower will feature 252 residential apartments.

Mohammad Atatreh, Board Member, Drake & Scull International PJSC, said: “This deal is an excellent addition to the growing portfolio of our civil contracting subsidiary Gulf Technical Construction Company which has emerged as a preferred general contracting partner in the UAE. We are pleased to pick up momentum in our project awards in the UAE market and we are currently accelerating our bidding activities to secure additional work primarily in the MEP sector.”

GTCC is involved in several high-profile UAE projects and is currently executing The Pointe project, a new retail and entertainment complex at the Palm Jumeirah in addition to Maliha Hospital and Al Reef Residences Tower in Dubai.

Drake and Scull Construction (DSC) is a fully functional general contracting company which offers general construction services including design, build and construction management for commercial, industrial, power and water as well as heavy general contracting projects. DSC’s regional footprint spans the UAE, KSA, and Algeria.

Source: www.drakescull.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.