Depa Limited, a provider of interior contracting services, has formed a joint venture with Singapore’s Design Studio Furniture Manufacturer Limited aimed at capturing large-scale interior fit-out deals in the booming real estate sector of Singapore and Southeast Asia.

As well as manufacturing furniture, Design Studio is a specialist in interior fit-out.
With Design Studio’s niche position in Singapore and Depa’s excellent track record and expertise, the joint venture, DDS Asia Holdings Pte Ltd, will be able to capture higher-value deals, a spokesman said.
DDS, in which Depa holds 55 per cent stake and Design Studio 45 per cent, will target interior contracts in the hospitality and commercial segments within Singapore, Malaysia, Thailand, Indonesia and Vietnam.
Depa CEO Mohannad Sweid said the company had been a shareholder of Design Studio since August 2006, and had confidence in its industry expertise and knowledge of markets in Asia. “We believe our strengths are complementary and allow us to deliver large projects in the region,” he said.
Bernard Lim, executive chairman and CEO of Design Studio, said:  “With the booming Asian economies and Depa’s valuable Middle East experience, we are confident of securing significant projects in the near future.”
In Singapore, DDS will form a wholly-owned subsidiary, DDS Contracts & Interior Solutions Pte Ltd (DDS Singapore), which will exploit growth opportunities in the real estate and construction sector in Singapore.
DDS Singapore is poised to be a significant player offering a compre-hensive fit-out suite, including turnkey and retrofitting services, to new and existing hospitality and commercial projects, said the spokesman.