Depa, a Dubai-based interior fit-out contractor signed new contracts worth over AED 719 million ($195,7m) in the first half of 2015 by winning the Madinat Jumeirah Extension and Dubai Opera, while expanding into new international territories.
In Dubai, Depa Interiors won contracts worth AED 87 million, including landmark projects such as Emaar’s Dubai Opera in Downtown, the Madinat Jumeirah Extension and FF&E packages for the new Nikki Beach Resort, developed by Meraas.
Depa’s Asian-based subsidiary Design Studio Group secured a high-profile contracts in the United States and Asia, including supply kitchen and vanity cabinets to luxury residential development along New York City’s East River, Swissôtel Merchant Court in Singapore, W Hotel in Kuala Lumpur and for interior design work for 220-rooms at the Ascott by Cairnhill hotel. Meanwhile, Depa Interiors secured the company’s first ever contract in Bangladesh. The AED 81 million order covers the refurbishment of the public areas and 226 rooms of the famous InterContinental Hotel, Dhaka, the first international five star hotel in the country, opened in 1966.
“Depa has started 2015 with confidence, securing more than AED 700 million of new work across an array of prestigious new projects. Significantly, Depa Interiors secured its first ever contract in Bangladesh and Design Studio tapped into the US market once again, as our international expansion strategy continues to gain traction,” said Nadim Akhras, Group CEO, Depa.
Depa Albarakah agreed a AED 16 million contract for the supply and installation of dry wall partition works at IMG’s Theme Park site. Deco Emirates won AED 77 million worth of contracts during the period with companies including Christian Dior, Louis Vuitton, Hermes, D&G, Michael Kors and a confidential blue-chip client for their office and a state of the art retail space in Mall of the Emirates.