GHC signs up Cowi for $700m Villamar project
MANAMA, December 14, 2015
Gulf Holding Company (GHC) has appointed Danish engineering consultancy firm Cowi to provide consultancy services for the construction work related to its $700-million integrated residential and commercial complex Villamar at the Harbor project in Bahrain.
The project consists of three twisted towers and 850 residential units in total, including lifestyle apartments with one to five bedrooms, floating sky villas, retail outlets and a quiet boardwalk at the heart of Bahrain Financial Harbour, the country’s ever expanding financial district.
This appointment is considered as a vital step toward the launch of the construction activities of the Villamar at the Harbor project that is expected to accelerate during the first weeks of 2016, said the company in a statement.
As per the deal, Cowi will oversee the construction works carried out by the contractor, ensuring its compliance with high-level specifications and design intended for the project.
The GHC move comes following the review of the existing structure and status of the project by renowned local and international experts to facilitate the integration of the existing structure into the new construction activities.
On the project, CEO Majed Al Khan said: "Our commitment to complete Villamar reflects our sincere financial and ethical obligations toward our community and announcing the recovery of Bahrain's real estate market and completing its business skyline."
"With this new agreement in place, we are now able to progress with the development of the project. We are very excited about our partnership with Cowi, which is a world-class consultancy firm and are looking forward to taking the project to the next level by ensuring that efficient top quality procedures are being followed on-site," stated Khan.
The contractor has already started re-mobilising to the site and all inspection, equipment maintenance, remedial works have already kicked off, he added.-TradeArabia News Service