Designation: Group CEO
Nadim Akhras was appointed group CEO of Depa in April 2015 after leading the company for 18 months in an interim capacity. The interior contracting firm, which operates out of Dubai, recently shared its first-quarter trading update for the three-month period ending 31 March, 2015. The company increased its net profit after non-controlling interest by 7% year-on-year to $4.1m, despite a 5% dip in revenues to $120m.
Holding a bachelor of science degree in civil engineering from Damascus University, and with more than 23 years of experience within the fields of engineering and construction, Akhras oversees the operations of Depa’s projects in Dubai, and is responsible for managing the company’s strategic growth plans.
He has successfully overseen and executed high-end and large-scale projects in the Middle East, Africa, India, and Commonwealth of Independent States countries.
At the time of Akhras’ appointment, the Depa board commented: “Since being nominated interim group CEO, Akhras has guided Depa to evolve its strategy of geographic diversification and operational consolidation, improving the position of the company in highly competitive markets.
“The board is confident that Akhras is the right candidate to overcome the imminent challenges of the regional interior contracting industry, leading Depa to sustained growth and future profits,” it added.
In September 2014, the company was awarded a pair of new hotel fit-out contracts in Dubai, worth $39.5m (AED145.1m). The hotels in question were: the Emerald Palace Kempinski Hotel, which is being built on a 100,000m2 plot of land on Dubai Palm Jumeirah; and the Novotel World Trade Centre, which has 345 rooms with a median size of more than 100m2.
Akhras, who was Depa’s interim CEO at the time, said: “Depa is pleased to see the return of hospitality contracts, and is excited to be involved with two leading brands. The fit-out work is already underway for the [Novotel], and we will begin shortly on the Kempinski.”