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Dubai's Drake and Scull says unit wins $102 mln Nakheel contract
February 11, 2014 / 4:26 AM / 4 years ago

Dubai's Drake and Scull says unit wins $102 mln Nakheel contract

DUBAI, Feb 11 (Reuters) - A subsidiary of Dubai-based contractor Drake and Scull has won a 375 million dirham ($102.10 million) contract from local developer Nakheel , Drake and Scull said on Tuesay.

The contract is related to a development at Nakheel’s Palm Jumeirah, a palm-shaped group of artificial islands just off Dubai’s coast, the firm said in a bourse statement.

The firm identified the subsidary that won the contract as the Gulf Technical Construction Company.

$1 = 3.6730 UAE dirhams Writing by Olzhas Auyezov; Editing by Yara Bayoumy

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