GFH Real Estate (GFHRE), the real estate arm of the GFH Financial Group, has announced the appointment of AlMoayyed Contracting as the main contractor of its Harbour Row project in Bahrain Financial Harbour.
All contracting works, including foundations, construction, mechanical, internal and external finishing works of the Harbour Row project, will be assigned to the company, a statement said.
The Harbour Row project consists of 450 residential units, in addition to retail outlets with a waterfront view as part of the Bahrain Financial Harbour
The total cost of the project is valued at approximately $150 million, the statement added.
Majed AlKhan, CEO at GFHRE, said: “We have envisioned this project to be a standard bearer in terms of quality and value and for that reason we have selected Almoayyed Contracting to lead in the project’s execution.”
Hala AlMoayyed, executive director of AlMoayyed, added: “We are happy to have been awarded this milestone contract... this is an iconic project that requires the deep technical planning and execution that AlMoayyed brings to each of our projects.”
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.