DDS CONTRACTS & Interior Solutions, a joint venture between Depa, the world’s largest interior contracting company, and locally listed Design Studio, has won a fit-out project with a contract value of $69.1 million for the Marina Bay Sands Integrated Resort (IR).
The contract, DDS’ first in Singapore, is for the fit-out of 716 guest rooms, including guest corridors and lobbies, in Hotel Tower 1 from the 6th to 49th floors of the Marina Bay Sands IR.
DDS will be working with South Korean main contractor SsangYong Engineering and Construction Co Ltd on the project.
The project win was secured only a few months after the establishment of DDS, in which Depa holds 55 per cent and Design Studio holds 45 per cent.
DDS was set up to offer a comprehensive fit-out suite, including turnkey and retrofitting services, to new and existing hospitality and commercial projects.
The joint venture targets interior contracts in the hospitality & commercial segments within Singapore, Malaysia, Thailand, Indonesia and Vietnam.
Said Bernard Lim, CEO of DDS and Design Studio: ‘Our top-most priority now is to partner with SsangYong to ensure seamless execution of this important segment of the Marina Bay Sands IR project.’
The Hotel Tower 1 contract is expected to contribute positively to Design Studio and Depa’s financial performance for 2009 and 2010.
Earlier this month, Design Studio announced projects worth $46.1 million in Singapore and Dubai.
The contracts included a $19.1 million project to supply and install joinery products for the luxury apartments in Burj Dubai, slated to be the world’s tallest building when completed next year.
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