Depa wins $60m Angola fitout contract
Dubai, August 18, 2010
Dubai-based Depa Limited, one of the leading interior contracting companies, said it has clinched a Dh220 million ($60 million) interior fit-out and furniture, fixtures and equipment (FF&E) contract for a five star hotel and casino in Angola.
The Hotel & Casino project in Luanda, the capital of Angola, is being developed by Sonangol, the Angolan National Oil Company as part of the government’s plan to build 28 hotels around the country by 2011.
Depa said it has been contracted for the design, fit-out and supply of FF& E for the interiors of the Hotel and Casino over 34,715 sq m.
This is the second contract that Depa has won in Angola following last year’s contract to fit out all 202 guest rooms and public areas of the Talatona Convention Centre Hotel in Luanda. This was completed on time and budget and the Hotel opened at the end of 2009, said Mohannad Sweid, chief executive officer, Depa Limited.
'Angola is a market which we see as having many opportunities for significant long-term growth. The country is making giant strides with major economic reforms and continues to attract significant foreign direct investment,' he observed.
'We continue to focus on diversifying our revenues in targeted countries such as Angola and continue to explore opportunities in other politically safe African nations,' he added.
Nadim Akrass, managing director, Ops, Depa, said: 'Having successfully undertaken an initial project in Luanda where we were able to demonstrate our credentials, we have been establishing our presence and are now well positioned to support the development of the country’s hospitality sector.”-TradeArabia News Service