May 21 (Bloomberg) -- Drake & Scull International PJSC is “about to take its first job” in Iraq, the company’s chief executive officer said.
The company is part of a group in final negotiations over the construction of a pipeline in Basra and expects to hear in about 30 days, Khaldoun Tabari told a conference in Abu Dhabi today. The contract would be worth about $300 million in revenue for the company.
Profit at the Dubai-based construction company will be better in the second-quarter, he said. Net income fell to 37.6 million dirhams ($10.2 million) in the first quarter from 45.9 million dirhams a year earlier amid increased expenses, the company said on May 15.
To contact the reporter on this story: Tamara Walid in Abu Dhabi at firstname.lastname@example.org
To contact the editor responsible for this story: Inal Ersan at email@example.com