Drake & Scull unit to build water treatment plant in Egypt
Drake & Scull International (DSI) said its wholly owned subsidiary has bagged a AED73 million ($19.9 million) sub-contract for the rehabilitation of Tanta Wastewater Treatment Plant in Egypt.
Passavant Energy & Environment, the Germany-based engineering and technology company, will undertake the design, engineering, procurement, installation, testing and commissioning of process-related electromechanical systems and piping within all major structures of the plant, DSI said in a statement to Dubai Financial Market.
The rehabilitation of the plant, designed for a treatment capacity of 100,000 cubic metres per day, will be built adjacent to the existing facility, which has a capacity of 60,000 cubic metres per day.
The project scope includes a turnkey design-build of mechanical and electrical systems for both the water and sludge treatment lines, with a focus on high operational reliability and minimal environmental impact.
The construction phase will span 27 months, followed by 24 months of operation and maintenance.
In November 2024 DSI reported a net operating profit of AED11.2 million in the third quarter of 2025, compared to a net operating loss of AED46.1 million a year ago.
Revenue rose 92 percent year on year to AED134.9 million between July and September 2025, driven by progress on the flagship Arabian Hills project and the launch of the Bidkin project in India under Passavant.
Passavant reported a 75 percent year-on-year increase in turnover, supported by progress on major ongoing projects and the award of new contracts across the region.
DSI’s consolidated backlog reached AED1.5 billion by the end of the third quarter of 2025.
The company’s shares closed 0.4 percent lower at AED0.285 on January 2, 2025. The stock has fallen 17 percent over the past year.
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