logo
Subsidiary of Drake & Scull wins 169mln dirhams contract

Subsidiary of Drake & Scull wins 169mln dirhams contract

Zawya19-03-2025
Dubai, UAE – Passavant Energy & Environment Ltd. ('Passavant'), a subsidiary of Drake and Scull International PJSC, announced it has been awarded a major contract by Maharashtra Industrial Township Limited (MITL) for the design, procurement, construction, testing, and commissioning of a 70 million liters per day (MLD) water treatment plant and laying of a 900 mm diameter water pipeline in AURIC Bidkin Industrial Area in Maharashtra, India. The project also includes operation and maintenance (O&M) for 10 years.
The contract, valued at approximately AED 169 million was awarded through a competitive tender process. Passavant's proposal was accepted by the competent authority on February 10, 2025, and the company has received the official Letter of Award (LoA).
"We are honored to be selected by MITL for this prestigious project," said Mr. Muin El Saleh, CEO of Drake and Scull International PJSC. "This contract is a testament to our expertise and experience in delivering high-quality water treatment solutions. We look forward to working closely with all stakeholders to ensure the successful completion and long-term operation of this facility."
The project scope includes the complete design, engineering, procurement, construction, installation, testing, and commissioning of the water treatment plant and pipeline, as well as 10 years of operation and maintenance. The project is scheduled to be completed within 36 months from the issuance of the LoA.
El Saleh also expressed his appreciation for the Passavant team, stating, "I would like to extend my gratitude to the Passavant team for their dedication and expertise in securing this significant project. Their proven capabilities in water and wastewater treatment, infrastructure development, and sustainable engineering solutions continue to strengthen our position as a leading provider of environmental and infrastructure solutions."
About Passavant Energy & Environment Ltd.
A subsidiary of Drake & Scull International PJSC, Passavant offers a comprehensive range of products and services tailored to meet the diverse needs of its clients. The company's portfolio includes full turnkey EPC contracts and holistic solutions for water and energy re-use, encompassing EPC contracting, operation and maintenance services, and financing. With a global presence, Passavant has established subsidiaries in Europe, the Middle East, North Africa, and Asia, successfully executing projects worldwide, including in North Africa, the UAE, Saudi Arabia, Iraq, Lebanon, Turkey, Europe, China, and Vietnam
About Drake and Scull International PJSC
Drake & Scull International PJSC (DSI) is a global industry leader delivering state-of-the-art projects and solutions across its high-performance sectors including electromechanical, integrated design, engineering, and construction, for water, power and oil and gas sectors. Through our operations, we provide integrated design, smooth functionality, and efficiency from start to finish. From Infrastructure Development, Waste to Energy, Data Centers Development, Mechanical Electrical and Plumbing (MEP) to Renewable Energy. DSI continues to be at the helm, driving the market forward through our people, passion, and innovation for more than 135 years.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

DEWA Invests Over AED 7.6B in Electricity Transmission Projects
DEWA Invests Over AED 7.6B in Electricity Transmission Projects

Web Release

time35 minutes ago

  • Web Release

DEWA Invests Over AED 7.6B in Electricity Transmission Projects

Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), announced that the total value of DEWA's electricity transmission network projects has now exceeded AED 7.6 billion. He highlighted that during the first half of 2025, DEWA commissioned four 132 kV substations with a combined conversion capacity of 450 megavolt-amperes, at a total investment of AED 725 million. These developments also included the installation of 228 kilometres of transmission cables. Al Tayer stated that DEWA is currently in the process of constructing 49 new 132 kV substations and two 400 kV substations. In addition, the authority has invited proposals from main contractors for the development of 11 more 132 kV transmission substations. Over the coming three years, DEWA plans to release new tenders to establish more than 57 further 132 kV substations and extend 160 kilometres of underground transmission cables. Hussain Lootah, Executive Vice President of Transmission Power at DEWA, noted that the new substations serve several areas, including two facilities in Al Yalayis 5 to support residential housing projects for Emirati citizens, as well as substations in Hatta and Warsan 4. He added that by the end of the first half of 2025, DEWA's total number of electricity transmission substations had reached 391, comprising 27 at 400 kV and 364 at 132 kV. The development and commissioning of these projects involved over 4.5 million working hours and utilised advanced digital technologies in line with international standards.

Gold sustains its appeal despite soaring prices in UAE market
Gold sustains its appeal despite soaring prices in UAE market

Arabian Post

time8 hours ago

  • Arabian Post

Gold sustains its appeal despite soaring prices in UAE market

Gold's steadfast position as a safe haven for investors in the UAE has withstood the test of rising prices, continuing to attract attention amid a global economic landscape marked by inflationary pressures and market volatility. Despite record-high valuations, the precious metal remains a symbol of financial security for those seeking stability in uncertain times. The price of gold has been climbing steadily, driven by a combination of factors, including global economic instability, inflation fears, and fluctuating currencies. The World Gold Council reports that, while the price of gold has reached unprecedented highs, it is still viewed as a reliable store of value. This trend is particularly evident in the UAE, where both investors and consumers are prioritising gold over other investment avenues. The UAE's jewellery sector, while impacted by the high cost of gold, has adapted by offering lighter pieces, adjusting making charges, and providing interest-free payment plans to make gold more accessible to the wider public. The allure of gold has persisted in the UAE due to its deep cultural significance, particularly among residents who view the metal as an important part of their financial portfolio. Gold has long been a preferred choice for investors, seen not only as a hedge against inflation but also as a traditional investment that carries a sense of stability. This cultural affinity with gold is evident in the sustained demand for both jewellery and bullion. ADVERTISEMENT With the price of gold having surged to over AED 240 per gram for 24-karat gold, a figure that reflects global trends, jewellery retailers in the UAE have been under pressure to strike a balance between maintaining profit margins and catering to their customers' demand for affordable luxury. In response to this, many jewellers have adjusted their pricing models by offering lighter pieces, which maintain the appearance of luxury while reducing the amount of gold used in production. These adjustments have allowed consumers to purchase items at lower prices, even though the underlying cost of the precious metal has skyrocketed. To further alleviate the financial burden on buyers, several jewellery outlets have introduced zero-interest instalment plans. These arrangements allow customers to spread the cost of their gold purchases over several months without incurring additional interest, making high-end gold jewellery more accessible despite the escalating prices. This shift has proved successful in maintaining consumer interest, ensuring continued sales in a challenging market. At the same time, traders have noticed a marked increase in gold purchases by UAE nationals, who are adding gold to their portfolios as a way to hedge against economic uncertainty. Financial experts argue that gold is an attractive alternative to other investment options, particularly amid global economic upheaval, as it provides a sense of protection against inflation and potential market downturns. Many investors are turning to gold as a long-term asset, preferring its inherent value over more volatile stocks or real estate. While jewellery retailers are adjusting to the soaring gold prices, there is also a growing trend among investors to purchase gold in its bullion form, rather than as intricate jewellery pieces. Gold bars and coins are seen as safer, more stable assets that can be stored with minimal risk of depreciation. Investors are favouring gold in these forms because they offer the same benefits as jewellery but without the added costs associated with crafting and design. The UAE's position as a major gold hub in the region remains strong, with Dubai continuing to be one of the world's leading gold trading centres. The Dubai Gold and Commodities Exchange has seen growing volumes in gold futures contracts, as investors seek to profit from the fluctuating prices of the precious metal. Despite the challenges faced by the retail jewellery sector, the demand for gold as a commodity is undeterred, suggesting that the market for bullion will continue to thrive in the long term. ADVERTISEMENT However, the high prices have not been without their challenges. The jewellery sector has reported that some buyers are holding off on large purchases, opting instead to wait for potential price fluctuations. This cautious approach has slowed down sales of high-end jewellery, with some consumers refraining from purchasing until they feel more confident in the stability of the market.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store