Drake and Scull wins Dh147m Algeria contract

Dubai: Dubai construction firm Drake and Scull International has won a Dh147 million ($40 million) project to build a mixed-use development in the capital of Algeria, the company said on Wednesday. Drake and Scull will undertake the civil construction portion of the project in Algiers, covering a total built-up area of about 66,500 square metres, it said. Algeria limited the access of foreign companies to its construction market for decades but over the past couple of years it has been opening the market, in an effort to build housing faster and alleviate a shortage that is a major source of social discontent.