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Depa secures hospitality projects worth approximately AED 157 million

Posted on November 23, 2022November 23, 2022
Depa secures hospitality projects worth approximately AED 157 million

DUBAI, UAE: Depa Plc, the leading global interior solutions group, announced project awards worth approximately AED 157 million through Depa Interiors – Depa’s Middle East key business unit specialising in the provision of interior solutions to the hospitality, residential, commercial, and transport and civil infrastructure sectors.

Depa Interiors secured a AED120 million hospitality package within a development on a Red Sea island between Al-Wajh and Umluj in the Kingdom of Saudi Arabia. This is the third significant hospitality project awarded to Depa within this development.

Additionally, Depa Interiors has secured a mock-up package for another project on the Red Sea in Tabuk Province and a further mock-up package for a hospitality project in the City of Neom, both in the Kingdom and totalling approximately AED 37 million.

Kevin Lewis, Depa’s Group Chief Executive Officer, commented: “It is very pleasing to see Depa continue to increase activity in Saudi Arabia, securing its third large hospitality package on the Red Sea coast and a further mock-up package. The mock-up award in the Tabuk Province is significant for Depa and its potential to secure future projects as this region’s development progresses.”

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.

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