Drake and Scull to spend $136m in regional buys

Drake and Scull International has said the contracting firm plans to spend $136.1m on acquisitions this year, which includes three firms in the region, Reuters has reported. "We are hoping to have the Qatar acquisition in the first quarter, one in Saudi Arabia in the second quarter and the second in the third quarter," Zeina Tabari, the firm's chief corporate affairs officer told the news service. The Qatar acquisition will be a MEP business while the two in Saudi Arabia will be an MEP and a civil construction firm, she added.