Depa’s largest 31 projects, listed below, constitute 80 percent of the Company’s current backlog and show a diversified list of projects by geography and type. In line with its strategy, Depa continues to reduce dependence on both the Dubai market as well as the hospitality sector, the latter by increasingly focusing on refurbishment and infrastructure projects, which are counter-cyclical in a downturn.
|
Project Name |
Value as of 31/3/09 (AED millions) |
Location |
|
Dubai Metro - Red Line |
310 |
Dubai |
|
Mazagan Villas |
173 |
Morocco |
|
Marina Bay Sands Tower 1 |
151 |
Singapore |
|
Palazzo Versace |
135 |
Dubai |
|
Burj Dubai |
130 |
Dubai |
|
Sentosa Island Resort |
112 |
Singapore |
|
City Center-Doha, Contract 1 |
110 |
Doha |
|
Mazagan Resort |
110 |
Morocco |
|
Crown Plaza & Stay Bridge Hotels |
105 |
Abu Dhabi |
|
Al Wahda Sport City - Fit Out |
95 |
Abu Dhabi |
|
Marina Hotel |
90 |
Abu Dhabi |
|
Arcapita |
81 |
Bahrain |
|
East Hotel - Mall of the Emirates |
75 |
Dubai |
|
Al Meydan Development |
71 |
Dubai |
|
Rotana & Centro Hotels |
63 |
Abu Dhabi |
|
Private yacht |
61 |
Germany |
|
Private residence |
58 |
Morocco |
|
Private Yacht |
49 |
Germany |
|
Centro Hotel |
47 |
Sharjah |
|
Kempinski Nile Hotel |
45 |
Egypt |
|
Marina Bay Sands - Package 2 |
44 |
Singapore |
|
Al Wahda Sport City - FF&E |
44 |
Abu Dhabi |
|
Burj Dubai Medical Center |
42 |
Dubai |
|
Materials Supply |
40 |
India |
|
Entertainment Venue |
32 |
Abu Dhabi |
|
Private Yacht |
30 |
Germany |
|
Centro Hotel Barsha |
30 |
Dubai |
|
Ministery of Defense and Aviation |
29 |
Saudi Arabia |
|
MBS VIP Suites |
29 |
Singapore |
|
Crown Plaza |
27 |
Saudi Arabia |
|
City Center-Doha, Contract 2 |
26 |
Qatar |
|
TOTAL |
2,444 |
|
The remaining 20 percent of Depa’s backlog consists of 123 projects with an average value of AED 6 million, varying between AED 1 million and AED 25 million.
Depa’s backlog consists entirely of projects that are already at the advanced construction stage. Being at the end of the development chain, Depa typically moves on site to finish the building for occupation and hence, at a stage where the project is extremely unlikely to be cancelled, such as Burj Dubai. Payments from clients have not deteriorated and remain in line with historical practices.
