Drake & Scull wins Qatar contract

Dubai: Dubai’s Drake & Scull International PJSC said it has won a contract for work on a residential development in Qatar worth Dh180 million ($49 million). “Work on the project is due to start immediately with an estimated completion date in the fourth quarter of 2014,” the company said in a brief statement posted on the Dubai Financial Market website on Wednesday.

DSI shares closed trading on Tuesday at Dh0.816.