Campco awards Dh140m deal to Drake subsidiary

Dubai: Campco Properties LLC has awarded a contract to Gulf Technical Construction Co (GTCC) Abu Dhabi — a subsidiary of Drake & Scull International PJSC — a turnkey project worth Dh140 million, a statement said.

The project is a G+2 labour accommodation building with an area of 49,425 square metre and will accommodate 5,000 workers when completed in November 2011.

GTCC Abu Dhabi is the main contractor of the project and will oversee the complete construction of the accommodation building in Al Dhafra, Abu Dhabi.

According to CEO of DSI, Khaldoun Tabari: "This latest project win is a materialisation of our diversification strategy and expansion plan; and it represents a new entry into a promising and lucrative market niche for the company. The Abu Dhabi 2030 economic vision is encouraging development across the emirate, resulting in exponential industrial and infrastructure growth in the market and a need for larger accommodation camps."

Established earlier this year, in partnership with Buhairan Limited Company and Drake & Scull International Abu Dhabi, Campco Properties LLC was formed as part of DSI's diversification plan.