Depa secures five Muvi Cinemas projects in KSA worth more than SAR 100 millionFeb 9 ,2020
Depa PLC ("Depa"), the leading global interior solutions group, announces the award of the complete fit-out and the mechanical, electrical and plumbing works for five cinema projects in the Kingdom of Saudi Arabia worth in excess of SAR 100 million. Depa Interiors, Depa’s Middle East key business unit which specialises in the provision of interior solutions to the hospitality, residential, commercial, and transport and civil infrastructure sectors, is currently delivering four large-scale fit-out projects in the Kingdom of Saudi Arabia including two hotels and two transport infrastructure projects.
Kevin Lewis, Depa’s Group Chief Executive Officer, commented: “This award for Depa Interiors is extremely pleasing. Depa Interiors have been working in the Kingdom of Saudi Arabia for the last 12 years; their selection by Muvi Cinemas to deliver these projects is a testament to their market leading project delivery capabilities. We look forward to delivering these projects on time and to the highest quality for our client.”
For further information, please contact:
Tel: + 971 4 821 6666
Kevin Lewis, Group Chief Executive Officer
Steven Salo, Group Chief Financial Officer
For more information, please refer to the corporate website: www.depa.com
Notes to editors:
Depa is a strategic management company specialising in global interior solutions. Depa’s four key business units hold leading positions in their respective markets: Design Studio, Vedder, Depa Interiors and Deco Group. Employing thousands of people worldwide, the Group’s operations are centred on three regional hubs: Asia, Europe and the Middle East.
Depa’s mission, shared by each of its key business units, is to deliver sustainability, profitability and performance for its clients, shareholders and employees. The Group’s five core values are integral to everything Depa does: transparency, integrity, accountability, professionalism and exceptional service.
Depa PLC is listed on the Nasdaq Dubai (DEPA: DU) and is headquartered in Dubai, United Arab Emirates.
This document may contain certain 'forward looking statements' with respect to Depa's financial condition, results of operations and business and certain of Depa's plans and objectives with respect to these items. By their very nature, forward looking statements are inherently unpredictable, speculative and involve risk and uncertainty because they relate to events, and depend on circumstances, which may occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward looking statements. All written or verbal forward looking statements, whether made in this document or made subsequently, which are attributable to Depa or any other member of the Group or persons acting on their behalf are expressly qualified on this basis. Depa does not intend to update any such forward looking statements.