The Company wins AED 142million Construction Contract of a Mining Grade Ammonium Nitrate Plant in Egypt
Drake & Scull Water and Power L.L.C (DSWP), a wholly owned subsidiary of Drake & Scull International (DSI) PJSC, a regional market leader in integrated design, engineering and construction disciplines of Mechanical, Electrical and Plumbing (MEP), Civil Contracting, and Water and Power, secured a AED 142 million Construction Contract of a Mining Grade Ammonium Nitrate Plant in the province of Ain Sukhna in Egypt.
The project is the first for Drake and Scull Water and Power in Egypt’s Petrochemical industry since the Launch of its specialized regional Oil and Gas division in 2010.
The company entered into a strategic Joint Venture Agreement with “Hassan Allam Construction” one of Egypt’s largest general contracting companies to execute the project. The contract scope of work includes the complete Construction and Pre- Commissioning of the following packages: Civil works, Mechanical Equipment and Storage Tanks Erection works, Piping and Structural Steel Fabrication and Erection works.
The Mining Grade Ammonium Nitrate Plant is developed and operated by“ Egypt Hydrocarbon Corporation S.A.E” and comprises a nitric acid unit and ammonium nitrate unit, together with associated infrastructure and facilities including storage tanks, pipelines and utilities. Once completed in April 2014, the plant will produce 1,060 MTPD of mining grade ammonium nitrate (MGAN), for use in the mining and construction industries.
Commenting on the project award, Tawfiq Abu Soud Managing Director of Drake and Scull Water Power commented, “The contract represents a strategic milestone for the company in Egypt. Since the establishment of our regional Oil and Gas Engineering, Procurement, Construction and Construction (EPC) specialised division in 2010 we have been aggressively engaged in partnering with regional and multinational companies to expand our market reach and optimize our service offering in this sector.
Our partnership with a longstanding market leader such as, “Hassam Allam Construction”, will allow us to expand in this promising industry whereby our unified multidimensional portfolio and regional expertise will enable us to cover the complete value chain of the petrochemical Sector. Our strategic joint venture will provide Advanced Construction & Construction Management Capabilities and will lead to the successful completion of the project in line with the best global environmental and safety standards,” Abu Soud continued.
Mr. Hassan Allam, Managing Director of Hassan Allam Construction, added, “Hassan Allam Construction has a long track record providing first class construction services to Egypt’s leading industrial players. We are happy to partner with a reputable company in this field and look forward to future ventures and achievements across the country.”
Drake and Scull Water and Power is currently bidding on various projects in the Oil and Gas Industry in the MENA region and is proactively seeking the essential resources to further expand in this sector . This Contract brings Drake and Scull International PJSC total projects awards announced year to date in Egypt to AED 618 million.