Dubai's Drake and Scull says unit wins $102m Nakheel contract

February 11, 2014 - 9:30:03 am

DUBAI: A subsidiary of Dubai-based contractor Drake and Scull has won a 375 million dirham or $102.10 million contract from local developer Nakheel, Drake and Scull said on Tuesay.

The contract is related to a development at Nakheel's Palm Jumeirah, a palm-shaped group of artificial islands just off Dubai's coast, the firm said in a bourse statement.

The firm identified the subsidary that won the contract as the Gulf Technical Construction Company. (Reuters)