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Habtoor Leighton Specon - Drake & Scull Engineering JV signs AED 395 million Jewel of the Creek MEP contract

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16 Mar 2015

Habtoor Leighton Specon (HLS), a market leader in the design, engineering, procurement and construction of Mechanical, Electrical, Plumbing, Energy and Power projects, and Drake & Scull Engineering (DSE), the subsidiary of Drake & Scull International PJSC, a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail, and Oil and Gas, and Water and Wastewater Treatment, have announced their agreement to jointly deliver the AED 395 million MEP contract on the ‘Jewel of the Creek Package 8’ complex. HLS has been nominated by Dubai International Real Estate (DIRE) as the MEP contractor of the prestigious project who has agreed with DSE to execute the works in a joint venture, combining the vigour and expertise of the two companies to deliver the project to the high standards of their esteemed Client.

Habtoor Leighton Specon - Drake & Scull Engineering JV signs AED 395 million Jewel of the Creek MEP contract

The package forms a significant part of the AED 4.0 billion (USD 1.09 billion) Jewel of the Creek project being developed by Dubai International Real Estate. The project is a mixed-used development designed by Kling Consult and Kieferle & Partner Joint Venture (KCKP JV), after their winning entry to an international competition. The master-plan embraces the location, reflecting the waves and steady movement of the Creek.

Package 8 consists of five hospitality buildings ranging between 15 and 19 floors, featuring a hotel and serviced apartments buildings, a ballroom and an attached café; a marina, including four foot bridges and one vehicular bridge; and hard and soft landscaping works. The objective of the development is to transform the location into a vibrant urban centre and a prominent landmark in the heart of Dubai. The vision is to create a project of strong identification, a complex as a unit unparalleled along the Creek with functions linked to each other, yet each part of the development with its own expression and values. The project will set a benchmark for future developments and it will be one of the much sought after addresses in Dubai.

The HLS - DSE JV will work under the Main Contractor of the project, the Habtoor Leighton Group (HLG), to deliver the MEP works of the package which consist of fit-out works in basements, complete MEP works for buildings including state-of-the-art systems associated with the latest technologies for smart and sustainable construction, and associated external works.

Thrasos Thrasyvoulou, CEO and Managing Director of Habtoor Leighton Specon, quoted “The Jewel of the Creek project is of great significance to HLS and the wider Habtoor Leighton Group. We are honoured to have been selected as DIRE’s MEP contractor of choice. We are looking forward to working closely with the Client, Consultants, the Main Contractor and our joint venture partners to deliver the project in a timely manner and to the highest standards of quality, safety, and sustainability.” “This new award signifies the trust shown to HLS by prominent clients over the years for the delivery of high-end hospitality projects. It complements our excellent portfolio of landmark developments and takes our work-in-hand to over AED 3.6 billion (USD 1 billion), solidifying our position as one of the leading MEP players in the region.”

Ahmad Al Naser, Managing Director of Drake & Scull Engineering LLC, stated: “DSI picked up AED 5.34 Billion worth of new projects in 2014 and our projects backlog stands at an all time high of AED 14.4 Billion. We are committed to playing a key role in the ongoing preparations for World Expo 2020 through our involvement in several iconic additions to Dubai’s landmarks. The Jewel of the Creek is an ambitious and fresh project that will enable us to showcase DSE’s exceptional engineering expertise and help augment Dubai’s hospitality and M.I.C.E. portfolio.”

“On a broader scale, the UAE represents one of our bigger markets and so we anticipate further growth in our backlog here. Our integrated engineering solutions will definitely have an impact on the directions of UAE infrastructure and property development, as will be proven by our ongoing work on major projects such as the Mall of the Emirates Expansion, Habtoor City, Louvre Museum, Maliha Hospital, Danat Al Emarat Hospital, and the Plaza View Development. Moving forward, we intend to contribute to the UAE’s rail development agenda as well by combining DSE’s technological superiority, talented workforce and global footprint with Drake and Scull Rail’s proven record in delivering turnkey rail construction and maintenance solutions,” Al Naser concluded.

Construction work on Jewel of the Creek Package 8 has commenced and completion is targeted for Q2, 2017.

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