ArabianBusiness.com - Middle East Business News
Wednesday, 03 December 2008 03:21 UAE time

YOUR DIRECTORY /

Print this page Print this page | Email this to a friend Email this to a friend | Discuss this article (0 Comments) |

Al Hamad wins $380mn Harbour deal

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Monday, 20 August 2007

Gulf Holding Company has handed a $38 million construction contract to Al Hamad Contracting Company to build the first residential complex in the Bahrain Financial Harbour.

Work on its signature project ‘Villamar @ the Harbour’ is expected to be completed by 2010. Total investment in the project is estimated at $620 million.

Ahmed Al Ameer, vice chairman and CEO of Gulf Holding said in a statement Al Hamad was selected from an “in-depth audit of a host of highly competitive bids submitted by regional and global construction majors vying for this highly distinguished project.”

Story continues below
advertisement

The project, which includes a design concept of twisted towers falls within Gulf Holding’s ‘Signature Series’ Al Ameer said. Built along ‘focused design’ principles, it features next generation security systems and automated covered walkways to shield tenants from the harsh sun.

Nashat Farhan Sahawneh, chairman of Al Hamad Contracting said the development is considered by specialists as “amongst the most difficult and challenging assignments both from a technical as well as a logistics point of view.”

Print Print | Email Email | Discuss this article |


READERS' COMMENTS



Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Security Code * Code


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

more » MIDDLE EAST MARKETS DATA

GHCD.DSM

Last Price:

17.60

-0.80-4.32%

2 Dec 2008 09:27 GMT
(Market Closed)

CURRENCY CONVERTOR

RELATED LINKS

  1. Al Hamad Contracting»
  2. Gulf Holding Company (GHC) - Bahrain»

 EMAIL ALERTS

  1. Al Hamad Contracting

  2. Gulf Holding Company (GHC) - Bahrain

  3. Construction & Industry



EMIRATES ID DOWNLOAD

READER COMMENTS

  1. Dubai Lagoon chiefs vow: 'No more delays' 2
    02 Dec ' 08 at 14:57
    If any developer says they are not affected in this turmoil, it is a mere PR stunt, plain and simple!  More »
Read all user comments >

BUSINESS FEATURES

The importance of being free

Free zones are changing the way business is conducted in the region, says Shikha Mishra.

Surfing Muscat's Wave

The Wave is one of few residential development taking shape on the shores of the seaside town of Muscat.

Al Zorah set to soar in Ajman

The multi-billion-dirham coastal development in Ajman aims to preserve the natural topography.

BUSINESS INTERVIEWS

District cooling is a necessity

Fouad Youanan of City Cool says district cooling is a win-win situation for residents and developers.

Stiff competition ahead

The general manager for Harwal Group talks about the future of the region’s construction market.

Build it and they will come

Waleed Saffy, CEO of Bahrain’s Durrat Marina development, on the demand for more marinas.

MORE FROM ARABIANBUSINESS.COM