The strategic acquisition has once again confirmed Depa's objective of expanding its field of services, by providing full turnkey solutions to its clients.
Dragoni International LLC specializes in furniture manufacturing including, mass production and special unique pieces, as well as supply and fit-out of soft and hard furnishings.
"Being interior contractors implies more than fit-out and furnishing. We also need to work very closely with our suppliers to guarantee the quality of results. Dragoni has proven its professionalism and know-how, considering its exclusive projects portfolio, which includes Burj Dubai Residences, Jumeirah Beach Residences, Al Murooj Complex, Emirates Hills Residential Complex, Arabian Ranches, Discovery Bay in Hong Kong and many more;" said Mohannad Sweid, Chief Executive Office of Depa United Group.
"We are hoping that partnering with Dragoni will help us meet the growing demand for our products and services in the MENA region, and will allow us to establish a long term win-win situation for both parties and to secure more contracts".
The partnership goal is to increase the market share in the UAE contracting business by combining both companies' fields of expertise and allowing financial synergies.
This transaction by Depa is expected to boost Dragoni's presence in the MENA markets, allowing both companies to forge stronger alliances as their businesses complement one another.
"We are confident in what Dragoni's capabilities and capacities are, and we look forward to realizing more growth opportunities together", concluded Sweid.
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New venture confirms DEPA United Group's vertical expansion strategy
- United Arab Emirates: Sunday, November 26 - 2006 at 12:52
- PRESS RELEASE
One of the biggest names in hotel interior contracting, Depa, has recently acquired a 60% stake of Dragoni International LLC.
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Notes and media contacts
DEPA United Group:DEPA United Group was established in the year 2006, combining over 12 diversified companies as subsidiaries, specializing in the full scope fit-out and furnishing of five star luxury hotels, yachts and facilities. DEPA's main office is in Dubai with branches in Abu Dhabi, Doha, Cairo, Casablanca, Khartoum, Jeddah, Milan and Shanghai, and site offices in various cities in the Middle East & North Africa.
This network allows DEPA's clients to benefit from the knowledge, organizational ability, purchasing power and facilities it provides. Some of its subsidiaries' references in UAE are: Burj al Arab, Conference Palace Hotel, Jumeirah Beach Hotel, Ritz Carlton, Grand Hyatt, Al Bustan Rotana, Fairmont and Hilton. Additionally, projects in Egypt include: Four Seasons Sharm El-Sheikh, Four Seasons Nile Plaza, J.W Mariott Cairo, Sheraton Alexandria, Hilton Luxor and Crown Plaza Sharm El Sheikh. In other areas, some of the works completed are: Four Seasons Doha, Sheraton Bahrain, Grand Hyatt Muscat, Sheraton Amman, Le Royal Amman, Radisson SAS Cannes, Ledra Mariott Athens, Radisson Parkway Orlando, Hilton Osaka.
After three decades of prestigious hotel interiors accomplishments, DEPA United Group continues to present magnificent achievements in turnkey interiors of five star luxury hotels and yachts, and has developed professional customized services for financing and products leasing, allowing clients to benefit for extended financial facilities.
DEPA Dubai LLC is part of a recently set up regional interior giant that taps a thriving industry, home and abroad. DEPA United Group has joined hands with selected investment houses and high-net-worth individual investors that include Al Futtaim Capital, Emaar Industrial and Investment Co., International Investment House and many other blue-chip investors form UAE, Saudi Arabia and other GCC countries.
The companies initially consolidated under DEPA United Group are of the most well known in the region; they include and are limited to:
• Eepa Interiors LLC - Dubai
• Depa Abu Dhabi for Decoration, Contracting and General Maintenance LLC
• MIVAN Depa for Decoration LLC
• Pino Meroni Yacht Interiors LLC
• Deco Emirates LLC
• El Diar LLC
• Dragoni International LLC
For further information please contact:
Hania Al-Lahham
Public Relations Manager
DEPA United Group
Tel: +971 4 224 3800
Fax: +971 4 224 3700
Mobile: +971 50 687 8722
For media requests, please contact:
Layth Dajani
The CONTENT Factory
P.O. Box 29764, Dubai - United Arab Emirates
Tel: +97143341880
Tel 2: +97143676534
Fax: +97184480574
Mobile: +971507145640
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, November 26 - 2006 at 12:52 UAE local time (GMT+4)
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