Drake & Scull to build massive worker camp in UAE

Drake & Scull is developing a large construction workers camp in the UAE as it emerges from a major corporate restructuring. (Photo courtesy of DSI)
Updated 22 January 2018
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Drake & Scull to build massive worker camp in UAE

LONDON: Drake & Scull, a UAE-based construction firm, is to build a new worker camp in Dubai to help it deliver existing and anticipated new projects in the country.

The camp will accommodate 5,000 workers, adding to approximately 12,000 laborers already employed by the construction firm. The group is currently on a recruitment drive to bolster its workforce.

It follows last year’s completed debt restructuring which has released new credit to support the company’s pipeline of projects, according to the company.

“DSI is now well-positioned for a new phase of recovery and growth after successfully addressing major operational and financial challenges last year,” said Rabih Abou Diwan, investor relations director, Drake & Scull International.

“Led by a new visionary leadership team and backed by Tabarak Investment, the company is undertaking several measures to improve its operational capabilities,” he said.


Saudi Arabia and Spain’s Navantia plan combat management systems venture

Updated 18 February 2019
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Saudi Arabia and Spain’s Navantia plan combat management systems venture

  • The SANNI venture will integrate and adapt Navantia’s combat management systems for Saudi navy corvette ships

ABU DHABI: State-owned Saudi Arabian Military Industries (SAMI) signed an agreement on Monday with Spanish state-held shipbuilder Navantia to set up a joint venture to provide combat systems, the new partnership’s chief executive said on Monday.
The SANNI venture, the name of which stands for SAMI Navantia Naval Industries, will integrate and adapt Navantia’s combat management systems for Saudi navy corvette ships, said Antonio Barberan at the IDEX military exhibition in Abu Dhabi.
SANNI is also in talks with other potential customers in the Middle East, he said.
SAMI owns 51 percent of SANNI, with Navantia holding the remaining 49 percent.
In November SAMI and Navantia signed an agreement to jointly manufacture five corvettes for the Saudi navy.