UAE-based Depa, a strategic management company specializing in global interior solutions, has announced that one of its units has won an interior contract worth $27.2 million (AED100 million) for a hospitality package within a giga project in Saudi Arabia.
According to Depa’s filing made to Nasdaq Dubai, the contract for the project has been secured by Depa Interiors, a key regional business unit of the group that specializes in the provision of interior solutions to the hospitality, residential, commercial, and transport and civil infrastructure sectors.
Employing thousands of people worldwide, the group’s operations are centered on two regional hubs: Europe and the Middle East.
The Group delivers hospitality, commercial (offices and retail), social infrastructure, economic infrastructure, yachts and marine, high-rise and low-rise residential, and aircraft projects in selected countries in the Middle East and North Africa, Europe, Asia, and North America.
In addition to Depa Interiors, Depa is comprised of two other key business units that hold leading positions in their respective markets. Vedder is a Europe-based yacht interior contracting unit – and Deco is its interior contracting and furniture manufacturing unit.
‘Deco’ had recently secured a number of luxury retail store fit-outs in Riyadh and Jeddah totaling approximately $5.4 million.
Commenting on the contract, Depa CEO Kevin Lewis stated that, this was the second large-scale hospitality project secured by the firm in the kingdom in recent weeks.
“With Deco also increasing focus on this market, we are looking forward to continued growth in Saudi Arabia, the CEO concluded.”
