Depa secures new wins in Saudi Arabia north of AED 750mn

Depa secures new wins in Saudi Arabia north of AED 750mn

15th Jan 2024

Depa PLC (“Depa”), the leading global interior solutions group, announces it has recently won several projects with Red Sea Global (“RSG”) in the Kingdom of Saudi Arabia predominantly (a) fit-out works of Desert Rock Hotel, a luxury 50-villas and 10-hotel rooms resort set in a hidden valley and nestled between the mountains of Saudi Arabia; (b) the fit-out works for the Amaala Yacht Club – envisaged to be one of the world’s premier yachting destinations – will be the stunning centrepiece of the Tripple Bay marina development at Amaala, Kingdom of Saudi Arabia; and (c) the fit-out works for two other luxury 5-star hotels within the same development.

Haitham Tuqan, Depa’s Group Chief Executive Officer, commented:

 “This marks the seventh significant hospitality project awarded by RSG to Depa interiors – a subsidiary of Depa – this year, and a testament to Depa’s continued commitment to supporting RSG in delivering world-class projects.

For further information, please contact:

Depa PLC

Tel: + 971 4 821 6666

Haitham Tuqan, Group Chief Executive Officer

Nader Mardini, Group Chief Financial Officer


For more information, please refer to the corporate website:

Notes to editors:

Depa is a strategic management company specialising in global interior solutions. Depa’s key business units hold leading positions in their respective markets: Vedder Group, Depa Interiors Group, and Deco Group. Employing thousands of people worldwide, the Group’s operations are centred on two regional hubs: Europe and the Middle East.

Depa’s mission, shared by each of its key business units, is to deliver sustainability, profitability and performance for its clients, shareholders and employees. The Group’s five core values are integral to everything Depa does: transparency, integrity, accountability, professionalism and exceptional service.

Depa PLC is listed on the Nasdaq Dubai (Ordinary shares: DEPA:DU) and (Ordinary Class A Shares: DEPACLA:DU) and is headquartered in Dubai, United Arab Emirates.

Cautionary statement:

This document may contain certain 'forward looking statements' with respect to Depa's financial condition, results of operations and business and certain of Depa's plans and objectives with respect to these items. By their very nature, forward looking statements are inherently unpredictable, speculative and involve risk and uncertainty because they relate to events, and depend on circumstances, which may occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. All written or verbal forward looking statements, whether made in this document or made subsequently, which are attributable to Depa or any other member of the Group or persons acting on their behalf are expressly qualified on this basis. Depa does not intend to update any such forward looking statements.