This takes the total value of awarded projects in Saudi to SR2.4 billion year to date.
DSI's latest deal involves the execution of all associated MEP works of the project due for completion toward the end of 2013.
Drake & Scull Saudi, the MEP arm of Drake & Scull International (DSI) PJSC in the Kingdom, says it is a regional market leader in integrated design, engineering and the construction disciplines of Mechanical, Electrical and Plumbing (MEP), Civil Contracting and Water & Power.
The company has been pursuing developments across all provinces of the Kingdom in industries ranging from education and healthcare to real estate and hospitality.
Its biggest contract for 2011 to date is the King Abdullah Petroleum Studies and Research Centre (KAPSARC) project in Riyadh valued at SR2 billion.
The latest Saudi National Commercial Bank quarterly review of contract awards in the construction industry said that the Saudi construction sector is expected to sustain its solid performance and post over SR10 billion in additional projects during quarter four.
The total value of awarded contracts during the third quarter alone reached SR95.1 billion, representing a remarkable 104 percent increase over the same period in 2010.
"At its current pace, the performance of Saudi Arabia's construction sector is matching the strong figures it posted in 2009," said Khaldoun Tabari, CEO of Drake & Scull International.
“We are reaping the rewards of this resurgence via major projects and new partnerships that are further cementing our position within our biggest market in the region. Riyadh in particular has been a favorable environment for us and we are in fact in the process of closing another deal in the capital which we hope to announce soon,” he added.
