Investor and Media Centre

Depa secures high-rise development package worth more than AED 100 million

Aug 29 ,2019

Depa PLC (“Depa”), the leading global interior solutions group, announces a project award of more than AED 106 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, secured the fit-out package for a prominent within a high-rise mixed-use development in the centre of Dubai.

Kevin Lewis, Depa’s Group Chief Executive Officer, commented: “The selection of Depa Interiors to deliver this prominent and exciting high-rise development is extremely pleasing. Depa Interiors will once again be working for one of the United Arab Emirates’ leading contractors. Depa Interiors’ selection by a long-standing client is further testament to Depa Interiors’ market leading project delivery capabilities and unique track record of performance. We look forward to delivering this project on time and to the highest quality for our client.”

For further information, please contact:

Depa PLC
Tel: + 971 4 446 2100

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.

Cautionary statement:

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.

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CONTACT US

Depa Group,
Dubai Investment Park 1,
Plot No. 598-655,P.O. Box 213537,
Dubai, U.A.E.
Phone: +971 (4) 821 6666
Fax: +971 (4) 887 8625
Email: info@depa.com

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