Bahrain's Villamar set to resume construction soon

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Bahrain's Villamar project has been dogged by delays.

Bahrain's Villamar project has been dogged by delays.

Gulf Holding Company, the owners of Bahrain's delayed Villamar residential and commercial project said on Sunday it has signed a deal with Mace to restart construction work.

The UK-based consultancy will manage the construction and delivery of the Villamar project, which was launched in 2007, and is expected to resume construction soon.

The project suffered delays due to the financial crisis which affected numerous other development projects around the region, and which were further exacerbated by the political unrest Bahrain saw at the beginning of 2011, Gulf Holding Company said in a statement.

"The newly appointed project manager will appraise the current status of the project and prepare a new project development plan in order to recommence construction work as soon as possible," the statement added.

It said a business plan will be finalised and contract documents prepared and amended in order for the works to begin.

Mace will be providing full management services from the beginning of the restarted development process through to design, construction and the final handover and after care services.

Matthew Austin, general manager of Gulf Holding Company, said: "We are looking forward to the success of this project and the fruitful cooperation with Mace as our new project managers. With this agreement in place, we are now able to progress with the development of the project, with construction set to begin within the coming few months.

"We are also currently in discussions with an operator of first class hotels to provide an exciting brand to the whole development,"  he added.

Andrew Johnson of Mace said: "We are very excited about this partnership with Gulf Holding and are looking forward to starting work on Villamar immediately."

Villamar is the first integrated residential complex within the Bahrain Financial Harbour, offering a mix of serviced apartments, hotel rooms and residential accommodation within three twisting towers.

Sales have begun with Tower B, making the programming of these works a priority. Construction of the development stands at approximately 50 percent completed.

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Posted by: moein

I am here Dib Moein Villa mar project manager for a period from Oct. 2007 up to august 2010 and I am sure this project cannot be completed without my help.

Posted by: Alan Pitt

The GDN (16-1-2012) quoted Gulf Holding Company, owners of Villamar signing a Memorandum of Understanding with Al Hamad Construction, their existing contractor, to become part owner with a promise to complete the project in 18 months, mid 2013.
Three months later, the Villamar off-plan apartment buyers will be delighted that Mace is now involved some 2 years after their apartments? should have been completed.
These off-plan buyers can?t wait to see the next Press announcement to see who will be providing the capital needed for the contractor to complete this long overdue project.
Come to that, so will the project owners of other private real estate projects like Amwaj Gateway, Marina West & areas around Reef Island, all stalled for over 2 years due to lack of finance. Nothing at all to do with any unrest.
AP

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