Drake and Scull Expects Growth in Qatar

Contractor Drake and Scull is banking on growth in Qatar in the second quarter of 2012, as the country pushes forward on projects for the 2022 World Cup.

Drake and Scull has bagged Dh1.3 billion in project awards across the Mena region in the first quarter and expects its local Qatari arm to increasingly contribute to growth, especially following the recent establishment of its rail and civil divisions.

Khaldoun Tabari -CEO of Drake and Scull- said “Tenders for major projects in the hospitality, rail and the infrastructure sectors are underway in Quarter two and we are currently bidding across all our business lines. We anticipate rising pressures on pricing levels given the severe competition and the costs associated with the sourcing of the necessary human and technical resources to cater for such large scale projects,”, as Gulf News stated.