Press Releases

Year

Quarter

01-11-2016 Passavant Energy & Environment secures three major projects in India and Palestine worth AED 246 Million

Company to build Wastewater treatment plants in New Delhi, Bangalore and Palestine

 

[UAE, November 1, 2016] - Drake & Scull International (DSI) PJSC, a regional market leader in integrated design, engineering and commissioning, procurement, construction and construction management, announced that Passavant Energy & Environment (PE&E), its wholly-owned German subsidiary, has secured three contracts to build Wastewater Treatment Plants (WWTP) in New Delhi and Bangalore in India as well as Gaza in Palestine for a combined value of AED 246 Million.

 

PE&E will undertake the engineering, procurement and construction (EPC) work for the WWTPs and additionally assume responsibility for the process design, procurement, installation, commissioning and operations and maintenance for the plants. The company will execute the New Delhi and Palestine projects via joint ventures with Larsen & Toubro (L&T) and Masoud and Ali Contracting Company (MACC) respectively.

 

Kris Wiume, Managing Director for Passavant Energy & Environment stated: “The three project awards will enhance our historical technical expertise and vast global experience and improve our market share performance in the Middle East, North Africa, and South Asia regions. The water and waste water treatment business continues to gather momentum in our key markets and is poised to deliver improved results in the short term.”

 

PE&E is a global leader in the fields of municipal wastewater, sludge, water and industrial wastewater treatment and is based in Frankfurt, Germany. The company is renowned for designing and installing WWTPs worldwide which are currently treating over 1 million cubic meters of water and generating more than 600 megawatts of electricity across Europe and the MENASA region.





10-10-2016 Drake & Scull Announces the appointment of Wael Allan as the Chief Executive Officer

Khaldoun Tabari to continue to serve the company as the Vice-Chairman and a member of the Board of Directors & member of the Executive Committee

 

[Dubai, UAE, 10 October, 2016] Drake & Scull International PJSC (“DSI” or the “Company”), a regional leader in engineering, procurement, construction and commissioning, announced the resignation approval of Mr. Khaldoun Tabari from his post as the Chief Executive Officer (CEO) and the appointment of Mr. Wael Allan, currently serving as the Chief Operating Officer (COO) as the company’s new Group Chief Executive Officer (CEO). Wael will assume the new role on the 10th of October 2016, which marks the final phase of a six-month management transition process initiated with his appointment as (COO) in the first half of the year. Mr. Tabari submitted his resignation to the board on August 2016 for approval until the new CEO appointment was finalized.

 

Wael Allan succeeds Khaldoun Tabari, who will step down from his current role as the Group CEO and continues to serve DSI as a Non-Executive Board Member, Member of the Executive Committee, Vice-Chairman and a major shareholder.  

 

Wael Allan is an industry veteran with more than 26 years of global management experience spanning EPC and construction across USA, Europe, Far East and the Middle East.

 

Prior to his appointment at DSI, he served as the CEO for Arcadis Middle East, and progressed through senior management roles for reputed firms including Hyder Consulting, Skanska USA Buildings, Washington Group International and Raytheon Engineers and Constructors, amongst others.

 

“Khaldoun’s valuable contribution towards DSI’s remarkable growth continues to inspire us and have laid the foundation of our future growth path. We are pleased to have him continue to lend his expertise and wisdom as the Vice-Chairman in guiding the company during and after the transition to the new management structure.

 

I am confident that Wael Allan’s vision and commitment will help DSI emerge stronger, leaner and more efficient through these challenging times, drawing on his considerable 26 years of global engineering and management experience.” said Majid Al Ghurair, Chairman of DSI PJSC.

 

Khaldoun Tabari commented on the occasion by stating: “As we mark 50 years of our Middle East operations, I believe this is the right time to hand over to Wael Allan and the senior team that will now chart the future course of the company. I believe that our fundamentals remain robust and our clients and partners continue to value our experience and pioneering innovations in our key markets. I would like to wish Wael and our employees well for the exciting period ahead, and thank our board, our investors and stakeholders and our employees for their support and dedication which inspired and empowered our growth and success.”