Arabian Construction Company and Drake & Scull Construction Joint Venture Awarded SR2.7 billion Jabal Omar Development in KSA

Press release

Published December 13th, 2012 - 04:47 GMT

Drake & Scull International

The Joint Venture between Arabian Construction Company Saudi Arabia and Drake & Scull Construction Saudi Arabia (DSC KSA), a wholly owned subsidiary of Drake & Scull International (DSI) PJSC, has been awarded a SR2.7 billion ($720m) contract to build phase three of the Jabal Omar development in Mecca.

Under the terms of the Joint Venture agreement DSC share will be 50 % of the overall value of the contract.

The third phase of the Jabal Omar scheme will involve the construction of four hotel towers with a total built up area of 400,000 square meters. The Towers will also include 5 star and 3 star hotels.

Additional details on the project and the official scope of works will be announced by DSC in the future.

Background Information

Drake & Scull International PJSC

DSI’s journey began in 1881 and has continued over 135 years, spreading from the western edge of Europe, to stretch across the eastern fringes of Asia today. DSI’s historic legacy can be divided into three significant milestones.