close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Dubai’s drake closes in on $300 million Iraq contract – CEO

TabariDSI

The contract will be an oil and gas project to build a pipeline in Basra, Iraq, chief executive Khaldoun Tabari told reporters on the sidelines of a conference in Abu Dhabi.

0

May 22, 2012 9:09 by



Dubai contractor Drake & Scull , which has shifted its focus abroad after a slowdown in the United Arab Emirates’ property sector, is close to winning a $300 million contract in Iraq, the firm’s chief executive said on Monday.

 

The contract will be an oil and gas project to build a pipeline in Basra, Iraq, chief executive Khaldoun Tabari told reporters on the sidelines of a conference in Abu Dhabi.

“We are very close to finalising the deal,” he said.

Drake specialises in mechanical, electrical and plumbing (MEP) work and will also bid for the MEP contract in Abu Dhabi’s multibillion dollar airport expansion, Tabari said.

The MEP project is likely to be worth around $1.5 billion and will be awarded after Abu Dhabi signs the main $3 billion contract for the airport, with an Arabtec Holding consortium the preferred bidders for the latter.

Drake, which operates in the Middle East as well as Thailand and Germany, is also eyeing a couple of projects in India and Sri Lanka, Tabari added.

(Reporting by Praveen Menon; Writing by Matt Smith)



0

Tags: , , , ,

Leave a Comment