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Wednesday, November 21, 2007 - Dubai

Depa Consolidates Position with German Lindner Group Joint Venture

JV broadens business scope to include airports and hospitals

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778 press release picture noor el solh mohannad sweid helmut lang  klaus kulman

Over the next few years an estimated AED90 billion (US$19 billion) is expected to be invested in airport infrastructure and projects in the UAE alone, and a further AED49 billion (US$13 billion) in the remaining five Gulf Cooperation Council (GCC) countries. Given these impressive facts, Depa United Group (DUG), the region’s largest interior contracting company and Lindner Group, a leading interior contractor in Europe, today announced the formation of ‘Lindner Depa Interiors,’ a joint venture company aimed at consolidating Depa’s position in the Middle East and North Africa, broadening its services into airports and hospitals.

Depa’s leading stature in the region, and its specialization in the hotel and yachting industries, combined with Lindner’s European presence and specialization in airports and other mass public transportation facilities, hospitals and banks will create a formidable organization with a clear competitive edge. The new company will be able to provide its clients with comprehensive solutions that take advantage of Linder’s specific airport and hospital industry expertise, and Depa’s regional market leading position and experience.

“Lindner Depa Interiors will capitalize on the two partners’ long-term international contracting experience, global production facilities, and market knowledge to increase the company’s market share in the UAE as a start,” said Mohannad Sweid, CEO of Depa United Group. “I believe that fusing Depa’s market know-how and first-class track record with Lindner’s long expertise in the field of complex interior fit-out will allow Lindner Depa Interiors to achieve huge successes in short period of time.”

Lindner Depa Interiors will focus primarily on the UAE in its first year of operation, with a more aggressive regional expansion plan to follow. Plans set forth by the company aim to expand its presence into the GCC and the wider Middle East and North Africa (MENA) in 2008 and 2009 with a push into South Asia in 2010. The countries that Lindner Depa plans to operate in include: the UAE, Oman, Bahrain, Qatar, Saudi Arabia, Kuwait, Jordan, Lebanon, Syria, Egypt, Iraq, Libya, Tunisia, Sudan, Yemen, Eretria, Ethiopia, India and Pakistan.

“We are very excited about our new venture with Depa and believe that the synergies between both companies will create a new dynamic and forward thinking business organization which holds delivering client requirements and service quality at the highest possible standards,” said Klaus Kulman, General Manager of Lindner Depa Interiors. “We found a perfect match for us in Depa due to the fact that our current operations are very complementary to each other. By combining our efforts we will provide the market with a complete 360 degree service from interior supply to contracting and building, covering all major vertical business sectors.”

Lindner AG is the leading interior fit-out company in Europe and with over 4,200 employees and a turnover of over a half billion Euros in 2006. Lindner is headquartered in Germany where it maintains over 20 branches and 8 subsidiaries. The company also operates 30 subsidiaries in Europe and Asia.

Depa United Group is the world’s 5th largest company that specializes in interiors contracting and enjoys a high market share in the Middle East and North Africa (MENA) region and an exceptional track record of marquee projects such as the Four Seasons Nile Plaza, Burj Al Arab, Abu Dhabi Conference Palace Hotel, Jumeirah Beach Hotel and Grand Hyatt Dubai. Ongoing projects include: the iconic Burj Dubai and the Palm Jumeirah Shoreline Apartments. In addition to Lindner Depa Interiors, the group operates a range of businesses under its umbrella including but not limited to, Mivan Depa, Pino Meroni, Eldiar Furniture Manufacturing, Dragoni and Deco Emirates.

E-MAIL US: info@tcf-me.com

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