Drake & Scull win $33.4m retail project

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Drake & Scull win $33.4m retail project

Drake & Scull, the leading engineering and construction company who are based in the U.A.E., has been awarded a $33.4 million contract for an upcoming mixed-use development in Dubai’s Jumeirah district to provide a new dimension to the emirate’s leisure and trade segment.

The company’s subsidiary Drake & Scull Engineering (DSE) will be delivering mechanical, electrical and plumbing (MEP) works for the iconic 72,000 sq m of retail space in Dubai, said the company in a statement.

The project is expected to be completed by next year, it added.

As per the terms of the agreement, DSE will develop food and beverage (F&B) concepts and retail outlets along with the shell and core parking facilities. Its scope of work includes supply, installation, testing, commissioning and handover of complete MEP works.

Ahmad Al Naser, the managing director of DSE, said: “We are excited to have been chosen by the developers who have envisioned a unique high profile beachfront retail concept that will prove to be an iconic milestone on the renowned Jumeirah skyline.”

“A retail project of such prominence and scale is a significant challenge for our engineering division and will be an eminent addition to our high-profile portfolio. Our experience with large scale retail developments such as the ongoing Mall of Emirates expansion in Dubai, as well as the rapidly progressing Mall of Qatar in Doha will prove vital in the construction of this project,” noted Al Naser.

DSE, he stated, was well poised to undertake more projects as part of the UAE’s infrastructure and real estate development program that is gathering steam in preparation for World Expo 2020.

“We are optimistic about our prospects to secure more project wins across the Mena region as we further consolidate our position as a regional leader in the core engineering sector,” he added.

Source: Trade Arabia

Moving Abroad Checklist

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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).

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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.