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Depa wins $21m Saudi transport fit-out contract

The fit-out deal, which covers a "large-scale transport infrastructure project", is the company's second contract from the same client

Depa revealed it has won a fit-out contract for a major transport scheme in Riyadh [representational image].
Depa revealed it has won a fit-out contract for a major transport scheme in Riyadh [representational image].
Hamish Tyrwhitt said he was proud to win the second fit-out contract from the same 'important client'.
Hamish Tyrwhitt said he was proud to win the second fit-out contract from the same 'important client'.

Depa Limited has won a fit-out contract for a major infrastructure project in Saudi Arabia. 

Dubai-listed interior solutions group, Depa Limited, won a $21.7m (SAR81.9m) fit-out deal for what it described as a "significant transport project" in Riyadh. 

The company said it won the award through Depa Interiors, but details about the project or the client were not available.

However, the company revealed that the deal is Depa Interiors' second contract from the same client, reflecting its ability to deliver "complex and important projects", it said in a statement on Nasdaq Dubai.

READ: Dubai-listed Depa sees 2017 net profit soar by 195% to $42m

Depa Interiors is one of the business units within Depa Group. The organisation is led by Hamish Tyrwhitt, who is also the chief executive officer of regional construction giant Arabtec Group.

Tyrwhitt said he was pleased with Depa's latest contract win in Saudi Arabia.

He said: "Depa is proud to be delivering this landmark transport project, and pleasingly, this is the second such award by this important client, demonstrating the exceptional execution capabilities of Depa Interiors.

"We look forward to delivering this significant project for our client and for the Kingdom of Saudi Arabia."

Last week, Arabtec Group subsidiary Emirates Falcon Electromechanical Co (EFECO) bagged a $31.8m (AED117m) mechanical, electrical, and plumbing (MEP) contract for Emaar's Creek Horizon Plot 19 in Dubai.

EFECO was awarded the deal by the main contractor on site, AFC, and will start work on its 20-month contract in June.

Creek Horizon's Plot 19 has a total built-up area of 13ha, and its towers will feature approximately 550 apartments.

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Construction Week - Issue 741
May 11, 2019