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October 23, 2011
Depa selected to join World Economic Forum's Community of Global Growth Companies

Geneva, Switzerland, 23 October 2011 - Depa Limited ('Depa'), one of the world's leading interior contracting companies, has been selected by the World Economic Forum to join its Community of Global Growth Companies, a group of more than 310 rapidly growing multinational companies that are reshaping the global economic landscape.

"When choosing entrants to our Community of Global Growth Companies, we assess companies on their business model, annual revenues and growth rates, executive leadership and market position," said Jeremy Jurgens, Senior Director, Head of Membership of the World Economic Forum. "Depa is a dynamic interior contracting group with clear potential to shape the future across the many markets in which it operates and so is a perfect fit to our GGC community."

"We are proud to have been selected by the World Economic Forum to be included in this very prestigious community. For all our employees around the world it is strong recognition of their hard work, dedication and commitment" said Mohannad Sweid, Chief Executive Officer, Depa. "We will continue to diversify our business both by sector and geography as well as improve our efficiency, through vertical integration and innovative working practices, in the years ahead."

Depa Limited is a leading interior contracting company in the Middle East, North Africa and Southeast Asia regions. Operating principally in the luxury fit-out industry, its main areas of business cover luxury hotels, infrastructure and public sector amenities such as hospitals and airports, high-end residential properties, retail outlets, as well as yachts. Depa is listed on the NASDAQ Dubai (ticker DEPA) and has Global Depositary Receipts on the regulated market for listed securities of the London Stock Exchange plc (ticker DEPA and DEPS).

The range of business activities performed by Depa comprises; interior contracting, manufacturing and procurement. By integrating these services into a single package, Depa provides clients with comprehensive and customized interior contracting solutions.

With more than 9,000 employees worldwide, the company operates through an integrated network of subsidiaries, affiliates and representative offices located in the UAE, Saudi Arabia, Qatar, Egypt, Jordan, Morocco, Azerbaijan, India, Malaysia, Thailand, China, Singapore, UK, the Netherlands, and the United States. Through this network, Depa has successfully executed large and complex projects in over 16 countries including the Burj Al Arab Hotel (Dubai), Emirates Palace (Abu Dhabi), the Museum of Islamic Art (Doha), Four Seasons Hotels (Sharm El Sheikh & Mumbai) and Mazagan Resort (El Jadida).

The Community of Global Growth Companies is composed of rapidly growing emerging multinationals. It was founded in late 2007 and currently has over 310 members globally from all sectors. The community was created to recognize the next generation of industry leaders. It supports them as they navigate new geographies, markets, cultures and regulatory systems to become a major driving force in social and economic development.

For more on the Community of Global Growth Companies, click on http://www.weforum.org/ggc

- End -




For further inquiries, please contact:

Depa Limited
Noor Sweid
Managing Director, Strategy
Tel: +971 4 224 3800
Email: strategy@depa.com

 


About Depa Limited
Depa Limited is a leading interior contracting company in the Middle East, North Africa and Southeast Asia regions. Operating principally in the luxury fit-out industry, its main areas of business cover luxury hotels, infrastructure and public sector amenities such as hospitals and airports, high-end residential properties, retail outlets, as well as yachts. Depa is listed on the NASDAQ Dubai (ticker DEPA) and has Global Depositary Receipts on the regulated market for listed securities of the London Stock Exchange plc (ticker DEPA and DEPS).

The range of business activities performed by Depa comprises:

  • Interior contracting: which focuses on luxury interior fit-out services, which include installation and finishing of floors, walls, ceilings, fixed joinery, panelling, wood-works, doors and frames;
  • Manufacturing: which comprises a network of factories and joineries which produce customized furniture, fixtures and equipment (FF&E);
  • Procurement: which involves the procurement of supplies and materials from third parties to support and complement Depa's interior contracting and manufacturing operations as well as third party procurement contracts for specific FF&E projects.
By integrating these services into a single package, Depa provides clients with comprehensive and customized interior contracting solutions.

With more than 9,000 employees worldwide, the company operates through an integrated network of subsidiaries, affiliates and representative offices located in the UAE, Saudi Arabia, Qatar, Egypt, Jordan, Syria, Libya, Morocco, India, Malaysia, Thailand, China, Singapore, UK, the Netherlands, and the United States. Through this network, Depa has successfully executed large and complex projects in over 16 countries including the Burj Al Arab Hotel (Dubai), Emirates Palace (Abu Dhabi), the Museum of Islamic Art (Doha), Four Seasons Hotels (Sharm El Sheikh & Mumbai) and Mazagan Resort (El Jadida).

For more information, please refer to the corporate website: www.depa.com