24 February 2009
Dubai: Depa Limited, provider of interior contracting services, announced on Tuesday that its Moroccan subsidiary, DepaMar, has been awarded a $50 million (Dh183 million) order by Kerzner International Developments, at the Mazagan Resort villas in El Jadida, on the Atlantic coast of Morocco.
This is the second win for DepaMar for the Mazagan Resort, having been previously awarded the fit-out works for the resort's five-star hotel, golf club house, Entertainment Center, Health Club and Spa in July 2007. This is now DepaMar's largest project to date in Morocco totaling $93m (Dh341m). The project is due for completion by June 2010.
Mohannad Sweid, CEO Depa commented: "This is our second order for the Mazagan Resort and further strengthens our position in Morocco, which is a key market for us and fits with our wider strategy of geographical diversification that we have undertaken over the last few years. We are delighted to be awarded this by Kerzner International Developments, with whom we have an excellent working relationship, following the successful completion of Atlantis The Palm in September last year. This is yet another example of how our track record of delivering high quality work to clients on time and on budget continues to win us prestigious projects."
Depa was appointed by Kerzner International Developments, one of the world's leading developers of integrated destination resorts and luxury resort hotels.
Dubai: Depa Limited, provider of interior contracting services, announced on Tuesday that its Moroccan subsidiary, DepaMar, has been awarded a $50 million (Dh183 million) order by Kerzner International Developments, at the Mazagan Resort villas in El Jadida, on the Atlantic coast of Morocco.
This is the second win for DepaMar for the Mazagan Resort, having been previously awarded the fit-out works for the resort's five-star hotel, golf club house, Entertainment Center, Health Club and Spa in July 2007. This is now DepaMar's largest project to date in Morocco totaling $93m (Dh341m). The project is due for completion by June 2010.
Mohannad Sweid, CEO Depa commented: "This is our second order for the Mazagan Resort and further strengthens our position in Morocco, which is a key market for us and fits with our wider strategy of geographical diversification that we have undertaken over the last few years. We are delighted to be awarded this by Kerzner International Developments, with whom we have an excellent working relationship, following the successful completion of Atlantis The Palm in September last year. This is yet another example of how our track record of delivering high quality work to clients on time and on budget continues to win us prestigious projects."
Depa was appointed by Kerzner International Developments, one of the world's leading developers of integrated destination resorts and luxury resort hotels.
This is the first phase of the Mazagan Resort, which will include a five-star hotel with a capacity of 1,000 beds, as well as an entertainment center, numerous fine dining restaurants, retail shops, a health spa and an 18 hole golf course and club house which, combined, will cover more than 500 hectares.
By Staff Reporter
© Gulf News 2009
