Depa Limited, a leading interior contractor, today announced that its joint venture, DDS Contracts & Interior Solutions (DDS), has been awarded its second contract in Singapore.

The contract covers the fit-out of basements and first storey for the three towers in the prestigious Marina Bay Sands Integrated Resort. This fit-out project has a contract value of approximately Dh50.7 million ($13.8 million).

This is the second project win for DDS, following a Dh172.8million contract win in July 2008. This brings the total contract value secured to approximately Dh224 million.

DDS is a joint venture between Depa (55 per cent), and Design Studio (45 per cent), Singapore’s leading Furniture Manufacturer, Product and Interior fit-out specialist. This strategic partnership targets interior contracts in the hospitality and commercial segments within Singapore, Malaysia, Thailand, Indonesia and Vietnam.

DDS is a specialist company poised to be a significant player offering a comprehensive fit-out suite, including turnkey and retrofitting services, to new and existing hospitality and commercial projects.

Mohannad Sweid, CEO of Depa, said: “We are encouraged by the 2nd contract win for DDS within a span of a few months. We have set high expectations for DDS and are delighted with the progress it has made.”

Bernard Lim, CEO of DDS and Design Studio, said: “This contract win has boosted our confidence and reaffirmed the trust that Marina Bay Sands has in our capabilities. We will continue in working hard to deliver results in accordance to the time frame. ”

The contract is expected to contribute positively to  Depa and  Design Studio’s financial performance for 2009 and 2010. - TradeArabia News Service