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Dubai: Selling of loss-making entities and a return to focus on its core MEP-related project work is helping with Drake & Scull’s revival, according to a top official. The company, in the midst of a major financial restructuring, is also pursuing new work – in the UAE and outside.
“We are making a continuous effort to win more projects were possible, whether in UAE or overseas, in addition to the on-going operations in Algeria, Tunisia, Palestine, India, Kuwait, Iraq, and Germany,” said Munir Mansour, CEO.
“The organizational restructuring is progressing well especially after the sale of a number of the loss-making civil-related entities.” Its current order backlog is valued at Dh398 million.