Dubai’s Drake & Scull set to win $300mn Iraq contract

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iraq oil field
Workers adjust the valves of an oil pipe as smoke rises from burning excess gas (in the background) in Zubair oilfield in Basra, 420 km southeast of Baghdad. Photo - Atef Hassan/Reuters

Dubai contractor Drake & Scull’s CEO announced on Monday the firm is close to winning a $300 million contract in Iraq.

Khaldoun Tabari, chief executive of Drake & Scull, told reporters on the sidelines of a conference in Abu Dhabi that the project is an oil and gas pipeline to build in Basra, Iraq.

“We are very close to finalising the deal,” he insisted.

Drake specialises in mechanical, electrical and plumbing (MEP) work and will also bid for the MEP contract in Abu Dhabi’s multibillion dollar airport expansion, Tabari added.

The MEP project is estimated to be worth $1.5 billion and will be awarded after Abu Dhabi signs the main $3 billion contract for the airport, with an Arabtec Holding consortium the preferred bidders for the latter.

Drake, which operates in the Middle East as well as Thailand and Germany, is also eyeing a couple of projects in India and Sri Lanka, Tabari added.

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