Seef Properties has appointed Kuwaiti Manager Holding Company (KMC Holding) as the main contractor responsible for the construction of the BD50.2 million ($133.1 million) Liwan project.
The mixed-use project covers an area of 122,000 square metres and features retail outlets, restaurants and cafés, residential units, supermarket, cinema, a family entertainment centre and open-air spaces.
The project in Hamala in the Northern Governorate of Bahrain, is expected to be completed by the fourth quarter of 2019, a statement said.
“Awarding of this significant contract comes as a result of an extensive screening process and we are confident that the project will be completed according to the schedule,” said Essa Najibi, chairman of Seef Properties.
Ahmed Yusuf, Seef’s CEO, added: “The project comes as part of Seef Properties’ strategy to expand its asset portfolio which will positively reflect on the kingdom’s economy. We are confident that the project will add value to the kingdom’s real estate sector, further attracting foreign investments and contributing to the growth of the economy.”
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