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.