DEPA's Yacht Interiors Division Pino Meroni secures Dirhams 19.5 million contract and prepares luxurious yacht for 'special' launch in late 2005; designed by the renowned Ken Freivokh Design - Ash Studio Crocker Hill England

Dubai - December 6th 2004: The Y80 Ocean One Luxury Super Yacht, the 58 meter motor yacht with luxurious and sumptuous features, which is currently being built by Ocean Classic at the Suez Public Free Zone in Egypt before a 'special' launch in late 2005.

DEPA's Yacht Interiors Division, Pino Meroni, specializing in furnishing and fitting out luxury private yachts, signed a contract with Ocean Classic International to fit-out the yacht's full interior, for the value of Dirhams 19.5 million (Euro 4.1 million). Designed by Ken Freivokh Design - Ash Studio Crocker Hill England, the project is set to for completion within 12 months.

The Super Yacht consists of six guest cabins accommodating up to 12 guests, plus private lavish suites. In addition, the yacht is made up of a multitude of stylish seating and TV areas, bars, a luscious dinning room and a guest saloon.

As a leading international manufacturer of high quality joinery furniture and fit-out items, Pino Meroni has become one of the major contenders for projects within the Middle East. "With our unique view of quality and style, our aim is always to achieve excellence, perfection and design innovation," said Mohannad Sweid DEPA CEO. "Pino Meroni has grown from strength to strength by placing particular emphasis upon experience, expertise, reliability and foremost quality, and has secured 15 sizable contracts for work on yachts in the year 2005."

DEPA is working hand in hand with the project team to coordinate the interior design and finishing sample works with the designer for an 'early-stage review.' The interior design, which will be applied to the yacht's 4 decks with an inner floor area of approximately 626 square meters, depicts exceptional

workmanship utilizing a very special satin finish pear wood panelling with ebony inlays, hand made wool carpets with custom designed boarders, and marble floors for bathrooms and corridors.

Pino Meroni had showcased its work on the Super Deluxe Majesty 66 Yacht by Gulf Craft at the 27th Cannes International Boat Show held in Monaco in September 2004 under the High Patronage of the Sovereign Prince & Hereditary Prince Albert of Monaco, Europe's most prestigious in-water show for Marine and Yachting Industry gathering all players from around the globe.

As a manufacturer of high quality furniture and fit-out items Pino Meroni has become one of the major contenders for projects within the Middle East and Europe. Some of Pino Meroni's Yacht references are: Millennium 118, Argusea 118, Mashallah 134, Majesty 75 and Majesty 66.

-Ends-

About DEPA:
DEPA is an Interior Contracting company specializing in full scope Fit-Out and Furnishing of Five Star Luxury Hotels, Yachts and Facilities. DEPA's main office is in Dubai with branches in Milan, Cairo and Abu Dhabi, 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 DEPA's references in UAE are: Burj Al Arab, Conference Palace Hotel, Jumeirah Beach Hotel, Ritz Carlton, Grand Hyatt, Al Bustan Rotana, Fairmont, and Hilton. In Egypt: Four Seasons Sharm El-Sheikh, Four Seasons Nile Plaza, Four Seasons San Stefano, J.W. Marriott Cairo, Sheraton Alexandria, Hilton Luxor, and Crown Plaza Sharm El-Sheikh. In other areas: Four Seasons Doha, Sheraton Bahrain, Grand Hyatt Muscat, Sheraton Amman, Le Royal Amman, Radisson SAS Cannes, Ledra Marriott Athens, Radisson Parkway Orlando, Hilton Osaka.

After three decades of Hotel Interiors accomplishments DEPA 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 that allow clients to benefit from extended financial facilities.

Pino Meroni Brief
Pino Meroni specializing in the manufacture and fitting out of mainly Luxurious Private Yachts. Pino Meroni has grown from strength to strength placing particular emphasis upon experience, expertise, reliability and foremost quality. The DEPA Pino Meroni Yacht division's primary aim has been to manufacture high quality custom-made furniture and fit-out for both the local and worldwide markets.

As a manufacturer of high quality furniture and fit-out items Pino Meroni has become one of the major contenders for projects within the Middle East and Europe. Some of Pino Meroni's Yacht references are: Millennium 118, Argusea 118, Mashallah 134, Majesty 75 and Majesty 66.

The company's philosophy is to achieve excellence and perfection in all activities, in order to improve products and services and thus aiming at maximum the satisfaction of the Customers and the fulfilment of their give requirements.

For more information, please contact:
Caroline Chadarevian
DEPA Interiors
Al Maktoum Street,
Al Reem Tower, 18th Floor
P.O. Box 56338
Dubai,
United Arab Emirates
Tel: +97142243800
FAX: +97142243700
E-mail: caroline@depa.ae
Website: www.depa.ae

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© Press Release 2004