Dubai contractor Drake wins $230 mln Algeria contract

Dubai contractor Drake & Scull, which has shifted its focus to other regional markets after a slowdown in the United Arab Emirates’ property sector, has won a 845 million dirham ($230 million) contract in Algeria, it said on Tuesday.

The contract was awarded to the civil contracting arm of Drake, the firm said in a statement to the Dubai bourse. No further details were given. The company, which specialises in mechanical, engineering and plumbing operations…read more

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