Depa PLC (“Depa”), the leading global interior solutions group, announces two project awards totaling more than AED 150 million. Depa Interiors, Depa’s Middle East key business unit which specialises in the provision of interior solutions to the hospitality, residential, commercial, and transport and civil infrastructure sectors, secured a significant hospitality package in Jeddah, Kingdom of Saudi Arabia for a well-known hospitality brand worth more than SAR 74 million (AED 73 million).
Additionally, Depa Interiors secured a fit-out package for a prominent hospitality project within a high-rise mixed-use development in the centre of Dubai worth more than AED 78 million.
Kevin Lewis, Depa’s Group Chief Executive Officer, commented: “The award of these projects to Depa Interiors is extremely pleasing. The selection of Depa Interiors to deliver the hospitality package within a high-profile mixed-use development tower in Dubai sees it continue its long history of delivering luxury hospitality projects within the UAE.
Depa Interiors continues to grow its presence in the Kingdom of Saudi Arabia which has been identified as a key growth market, this hospitality package in Jeddah is an important award for Depa Interiors in this market. We look forward to delivering both projects on time and to the highest quality for our clients.”
Tel: + 971 4 821 6666
Kevin Lewis, Group Chief Executive Officer
Steven Salo, Group Chief Financial Officer
For more information, please refer to the corporate website: www.depa.com
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, Depa Interiors and the 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 (DEPA: DU) and is headquartered in Dubai, United Arab Emirates.
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.