June 17, 2008

Saks Fifth Avenue Awards Major Contract to Emirates Company

Luxury retailer, Saks Fifth Avenue, in the Bahrain City Centre Mall, has awarded the interior decorating contract to Depa Interiors, via their subsidiary, Deco Emirates Co LLC. The project is worth $6 million US, covers 5,500 square meters over two floors, and is expected to be completed by September 2008.

City Centre Mall BahrainDeco was appointed by Style Avenue Middle East FZCO, the operator of Saks Fifth Avenue in the GCC. The company already operates in Riyadh and Dubai.

Saks Fifth Avenue is well-known for its high-quality American and international designer collections, its expertly chosen assortment of handbags, shoes, jewelry, cosmetics, and home furnishings and impeccable customer service.

Mr. Hugh Bigley, General Manager of Deco, commented, “We are delighted to win this prestigious contract, which is an indication of our excellent track record and our proven ability to deliver high quality standards, fit out accuracy and excellent project management skills. As part of Depa, we are expanding our geographical reach in order to capture the strong growth in the retail fit out market in the region and beyond.”

Deco has made a solid mark in the middle to upper end of the retail industry, collaborated with a number of luxury brands such as Louis Vuitton, Burberry, Dior, Lacoste, Mexx, Liz Claiborne and Fendi. In 2007, Deco successfully completed fit out works for the largest Marks & Spencer store in the world outside the United Kingdom, located in Dubai Festival City along with the largest Toys r Us store in the region.

Depa has established new operations in a number of new geographic markets including Saudi Arabia, Qatar, Morocco, India and Libya. It has also acquired stakes in joinery and manufacturing businesses, a procurement company and specialized interior fit-out businesses; which has facilitated the continuing backward integration of the supply chain.

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