Depa Limited, a leading interior contractor, has secured orders for the complete fit out works for eight prestigious new five and four star hotels across the UAE.
It has also won contract for a private palace located in Dubai. The value of these orders is over Dh800 million ($218 million) and are all due to be completed by December 2009.
The orders include the complete fit-out works for five of the seven hotels located on Yas Island, Abu Dhabi. The island is the site of a $40 billion development project by Aldar Properties.
Aldar Properties awarded earlier this year Parker International the consultancy contract for the complete supply of the Furniture, Fixtures & Equipment (FF&E) for the seven hotels. Depa owns a 51 per cent stake in Parker International.
Depa will also be carrying out the fit out works for the Millennium Hotel in Abu Dhabi which is owned by Al Wehdah Club. Depa has also been awarded the complete fit-out works for the new hotel in the Mall of the Emirates by Majid Al Futtaim and the Centro Rotana hotel in Sharjah Airport owned by Air Arabia.
Mohannad Sweid, CEO of Depa, said: “These orders which we have been awarded by some of the region’s leading developers are testament to our market leading position and to the ability and strengths of the company. We continue to succeed in our strategy of working with the most reputable partners on projects where we deliver our work to the highest standard.”
Depa has experienced significant growth over recent years. This growth has been achieved, in part, through the establishment of operations in a number of jurisdictions and through acquisitions and entering into new joint ventures.
Depa has established new operations in a number of new geographic markets including Saudi Arabia, Qatar, Morocco, India and Libya. It has also acquired stakes in joinery and manufacturing businesses, a procurement company and specialised interior fit-out businesses; which has facilitated the continuing backward integration of the supply chain. - TradeArabia News Service