DepaMar wins Dh183m deal
Depa Limited announced yesterday that its Moroccan subsidiary, DepaMar, has been awarded a 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 2007. This is now DepaMar's largest project to date in Morocco totalling Dh341m. The project is due for completion in 2010.
Mohannad Sweid, CEO Depa said:"This is our second order for the Mazagan Resort and 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."
It 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 (1,235 acres).
Bassil El Khayri, General Manager, DepaMar said: "Having recently completed three major fit out projects in Morocco: Farah Golden Tulip Hotel, Kenzi Tower Palace in Casablanca and Ksar Menara Hotel in Marrakesh, we feel that this is a fantastic win for Depa and we are extremely proud to be working on this unique project which is the first integrated resort destination in Morocco.
"It is a great testament to the team we have built on the ground and our ability to deliver the highest quality work within our clients' expectations."
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