Drake and Scull International PJSC

What Drake and Scull International PJSC does

Drake & Scull International PJSC (DSI) is a UAE-incorporated public joint stock company, listed on the Dubai Financial Market under ticker DSI, that delivers integrated design, engineering, procurement, construction, and operations & maintenance (O&M) services across mechanical, electrical and plumbing (MEP), oil & gas, and energy & environment verticals. Founded in 1889 and headquartered at Nassima Tower on Sheikh Zayed Road in Dubai, the company employs more than 3,000 people across MENA, Europe, and Asia and reports a project backlog of AED 11.3 billion with over 700 completed projects across its history. Its core product lines include MEP systems for complex and architecturally demanding buildings (e.g., twisting towers), district cooling plant design and operation, wastewater and water treatment facilities, oil & gas infrastructure, and emerging offerings in data centre construction, renewable energy, and waste-to-energy.

The company monetizes primarily through one-time EPC contracts awarded via competitive tendering, with revenue recognized over multi-year project durations on milestone-based billing, complemented by recurring multi-year O&M service agreements on completed district cooling and water treatment assets. Pricing is project-specific, with disclosed contract values ranging from USD 33 million to over AED 1 billion, and go-to-market is an enterprise field-sales motion targeting developers, government entities, and large corporations (logos include DAMAC, Nakheel, Mubadala, ADNOC, Saudi Aramco, Louvre Abu Dhabi, Empower, ADNEC, and Warner Bros). Geographic reach spans UAE, Saudi Arabia, Kuwait, Qatar, Egypt, Jordan, and Tunisia.

Following severe financial distress, DSI completed a 2024 restructuring that wrote off AED 4.18 billion in debt via mandatory convertible sukuk, closed a capital increase that oversubscribed by 150% of target, and resumed DFM trading on May 29, 2024 under a refreshed board chaired by Theyab bin Tahnoon Bin Mohammad. The company is now repositioning for renewed growth, evidenced by AED 1+ billion in 2025 Arabian Hills contract wins and a USD 48 million Saudi wastewater plant award.

Name

Drake and Scull International PJSC

Legal name

Drake & Scull International PJSC

Website

https://drakescull.com

Company type

Public

Founded year

1889

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Drake & Scull International PJSC (DSI) is a UAE-listed engineering and construction company delivering integrated MEP, district cooling, water treatment, and oil & gas EPC and O&M services to developers, government entities, and major corporates across MENA, Europe, and Asia.

Ownership category

akta.pro rank

Product category

Engineering and Construction Services

NAICS

Water and Sewer Line and Related Structures Construction (23711), Mining and Oil and Gas Field Machinery Manufacturing (33313), Architectural, Engineering, and Related Services (5413)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Oil & Gas Field Machinery & Equipment (3533), Pumps & Pumping Equipment (3561)

akta.pro primary industry

Mechanical, Electrical & Piping Installation (MEP) (EUAKAAAG)

akta.pro secondary industry

Water, Wastewater & Hydraulics Engineering Consulting (BPAHAIAD)

Keywords

• Mechanical electrical plumbing
• District cooling systems
• Water treatment plants
• Oil and gas infrastructure
• Engineering procurement construction

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Engineering, Procurement and Construction (EPC) Contracts: Project-based revenue from design, engineering, procurement and construction of MEP systems, district cooling plants, water treatment facilities, and oil & gas infrastructure. Revenue recognized over project duration with milestone-based payments.
2. Operations and Maintenance Services: Ongoing operations and maintenance contracts for completed infrastructure including district cooling plants and water treatment facilities, typically multi-year service agreements.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Drake and Scull International PJSC delivers integrated engineering, procurement, construction and operations & maintenance services across mechanical, electrical and plumbing (MEP) systems, district cooling plants, water and wastewater treatment facilities, oil and gas infrastructure, and broader building and civil projects. The company serves public and private sector clients across the Middle East, Africa and South Asia, with capabilities spanning feasibility, design, construction, commissioning and long-term facility operations.

Product overview

Drake & Scull International PJSC is a global engineering and construction company offering an integrated portfolio of services across three main business streams: Engineering (MEP - Mechanical, Electrical, and Plumbing), Oil & Gas, and Energy & Environment. The company provides end-to-end project delivery including design, engineering, construction, and operation services. Core offerings include district cooling plants, water and wastewater treatment facilities, infrastructure development, data center construction, and renewable energy solutions. The company operates across MENA, Europe, and Asia with over 135 years of experience and AED 11.3 billion in backlog.

Differentiator

Problem solved

Functional benefit

Products and services

• Mechanical, Electrical and Plumbing (MEP) Services

Quantifiable outcome

• AED 11.3 billion backlog providing revenue visibility
• +2 more outcomes

Named customers22 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Arabian Hills Investment and Real Estate DevelopmentcoreStrategic or Co-development Partner · 25 April 2024Arabian Hills Investment appointed Drake & Scull as main contractor for infrastructure works at their Arabian Hills development project. DSI won contracts exceeding AED 1 billion for Zone 10 Sun Valley (AED 452.8 million) and Zone 05 Park Vista with wastewater treatment plant (AED 557.8 million).

Scale indicators8 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• AECOM: Global infrastructure consulting and construction firm with deep MENA presence delivering MEP, water, and O&G projects. Comparable to DSI in integrated services delivery and water/wastewater infrastructure but with broader geographic and service breadth.
• Fluor Corporation: Global EPC incumbent delivering large energy, infrastructure, and industrial projects. Comparable to DSI in O&G, water, and large infrastructure EPC but operates at much greater scale and competes for the same mega-project tenders across MENA.

Regional players

• Arabtec Construction: Historic UAE-based general and MEP contractor known for large-scale towers and government projects in the GCC before its 2021 liquidation. Historically a direct competitor to DSI in marquee building MEP, and provides a cautionary benchmark for working capital and concentration risk in the regional MEP sector.

Direct peers

• ALEC Engineering and Contracting: Major UAE-based MEP and general contractor operating across high-rise, data center, airport, and large mixed-use developments. Competes with DSI for marquee MEP packages in the GCC and shares the same enterprise tendering motion with developers and government clients.
• ASGC (Al Shafar General Contracting): UAE-based general and MEP contractor delivering integrated construction for high-rise, hospitality, and infrastructure projects in the GCC. Directly comparable to DSI in MEP scope, customer base (large developers and government entities), and tender-driven project model.
• El Seif Engineering Contracting: Saudi Arabian EPC contractor delivering MEP, civil, and infrastructure for government, hospitality, and mixed-use developments. Directly comparable to DSI's Saudi and wider MENA footprint and large-scale integrated project delivery model.
• Consolidated Contractors Company (CCC): MENA-rooted global EPC contractor delivering oil and gas, civil, mechanical, and infrastructure projects across the Middle East. Overlaps with DSI in O&G infrastructure, large-scale MEP, and EPC tendering for government and energy clients.
• Habtoor Leighton Group: UAE-based construction group providing MEP, civil, and infrastructure delivery for buildings, transport, and energy projects in the GCC. Comparable to DSI in scale, integrated delivery, and customer mix of developers and government entities.
• National Petroleum Construction Company (NPCC): UAE-based EPC contractor focused on offshore and onshore oil and gas infrastructure for ADNOC and other regional NOCs. Comparable to DSI in the O&G engineering vertical and as a UAE-listed/headquartered EPC serving flagship regional energy clients.

Emerging players

• Tabreed (National Central Cooling Company): UAE-listed district cooling developer and operator with large installed chilled water capacity across MENA. Overlaps with DSI's district cooling vertical (where DSI is a contractor and Empower customer) and serves as a downstream operator competing for the same UAE district cooling pipeline.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/drakescullpro

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Drake and Scull International PJSC