Abu Dhabi: Drake and Scull International (DSI), the Dubai-listed construction company, denied recent reports that it has been taken off the Lamar Towers project in Saudi Arabia.
“DSI management would like to clarify that the information cited in the article are unfounded and inaccurate,” the company said.
A report by Arqaam Capital on November 30 cited a newspaper report that said Lamar Investment and Real Estate, the developer behind the project, is trying to reach a deal with a new contractor after DSI could not complete the project due to financial difficulties.
