Depa's Dubai Ventures

Initially awarded in late 2011, the AED222 million contract focused on interior contracting for architectural finishes. The recent AED185 million contract variation order aims to upgrade the original specifications, reflecting the company's commitment to excellence.

Project Name: Depa's Saudi Ventures

Location: Riyadh, Saudi Arabia

Contract Value: AED185 million (contract variation)

Background:

Depa Limited, a renowned interior contracting firm headquartered in Dubai, has marked a significant milestone by surpassing AED1 billion ($272 million) in business revenue in Saudi Arabia. The company, celebrated for outfitting iconic structures like the Burj Khalifa, has recently secured notable contracts, solidifying its presence in the flourishing Saudi construction industry.

Depa PLC is a publicly listed interior construction and manufacturing firm headquartered in Dubai, UAE. Established in 1996 and listed on the Nasdaq Dubai. The firm provides interior construction services and joinery manufacturing for construction contractors in the Middle East, Africa, Asia and Europe. Depa Group consists of four subsidiaries: Depa Interiors, Deco Group, Design Studio Group, and Vedder.

Type: Public limited company

Industry: Construction Interior Fit-Out Manufacturing

Predecessor: Arabtec Hotel Interiors Depa Interiors

Founded: 1996 (28 years ago)

Headquarters: Dubai, United Arab Emirates

Website: https://en.wikipedia.org/wiki/Depa_Group

Project with NESMA & Partners:

1. Location: Jabal Omar, Makkah, Saudi Arabia

2. Contract Value: AED48 million

3. Scope: Fit-out works for public areas in Hyatt Regency and Conrad hotels.

4. Context: NESMA & Partners, the lead contractor for the Jabal Omar Development Project, entrusted Depa to enhance 11,200 sq m of public areas, supporting religious, social, and commercial activities.

Fit-out for King Abdulaziz University:

1. Location: Jeddah, Saudi Arabia

2. Contract Value: AED13.7 million

3. Contractor: Rabya for General Contracting

4. Details: Depa will undertake the fit-out for King Abdulaziz University, emphasizing its diverse portfolio beyond hospitality.

Giga Project Hospitality Package:

Project Unit: Depa Interiors

Contract Value: AED100 million ($27.2 million)

Project Type: Hospitality package within a giga project in Saudi Arabia.

CEO Statements:

Mohannad Sweid: "Saudi Arabia continues to represent a major portion of our revenue and backlog, with the total value from the country topping the AED1 billion mark for the first time in our history."

Kevin Lewis: "With Deco also increasing focus on this market, we are looking forward to continued growth in Saudi Arabia."

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