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Drake & Scull Eye Acquisitions in Qatar, Saudi Arabia, Egypt

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duBai, UAE

Drake & Scull International is looking to make acquisitions in Qatar, Saudi Arabia and Egypt as part of its Middle East expansion plan, according to CEO Khaldoun Tabari. Tabari said the company earmarked $136 million USD — half in the form of cash and half as a bank loan — to acquire one company in Qatar during the first quarter of 2010 and two companies in Saudi Arabia in the second