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DEPA awarded Dhs93.5m interior decorating contract for Hilton Hotel, Abu Dhabi

  • United Arab Emirates: Monday, November 05 - 2012 at 11:09
  • PRESS RELEASE

Depa Limited (ticker: DEPA) announced a Dhs93.5m contract to undertake the supply and installation of interior decoration works for the Hilton Hotel in Abu Dhabi, UAE.

The Hotel is the second phase of the Al Forsan International Sports Resorts development, one of the Middle East's largest sports, leisure and dining resorts.

Depa will undertake the complete interior decoration works for 400 rooms covering a total area of 34,000 square metres and the installation of all the furniture, furnishings and equipment (FF&E). The Hotel is set to open in mid- 2013.

Walid Zakaria, CEO of Depa's Abu Dhabi Regional Office, said, "This contract reflects Depa's standing as a trusted partner for global brands like Hilton. Our industry expertise has led our Abu Dhabi office alone to sign approximately Dhs450m of contracts in the hospitality sector so far this year, including two sets of internal decoration works for Hilton Hotels; one in Abu Dhabi and the other in Riyadh. The hospitality sector in the GCC is seeing strong performance with new hotels being announced and others needing renovation. This should fuel growth for Depa in 2013."

Depa has had a long relationship with Hilton and this latest contract adds to the work it is currently doing on the Hilton Hotel in Riyadh, part of the King Saud University, for a contract value of Dhs183m and the new Conrad Hotel in Dubai, Hilton's luxury brand. The Conrad Hotel contract, which had a value of Dhs250m, is due to be completed in the coming months.

In the year to date, the Abu Dhabi team has signed Dhs450m of contracts in the hospitality sector. Contracts include the Hilton Hotels in Abu Dhabi and Riyadh, as well as the; Dhs73m project for the Regent Emirates Pearl in Abu Dhabi, a mixed-use 47 storey hotel and residential tower; a Dhs92m project for the fit-out of Accommodation Towers in Luanda, Angola and the Ramada Hotel in Doha.
 
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