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Manama, Bahrain – GFH Real Estate (GFHRE), the real estate arm of the GFH Financial Group,announced today that it has appointed AlMoayyed Contracting as the Main Contractor of its Harbour Row project in Bahrain Financial Harbour.
As per this mandate, all contracting works, including foundations, construction, mechanical, internal and external finishing works of the Harbour Row project, will be assigned to AlMoayyed Contracting. 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 project, which is located at the heart of the capital Manama. The total cost of the project is valued at approximately US$150m.
The Letter of Award was signed by Mr. Majed AlKhan, Chief Executive Officer of GFHRE and Ms. Hala AlMoayyed, Executive Director of AlMoayyed Contracting, in the presence of Mr. Laith Al Memar, Chief Development Officer at GFHRE, and a number of executive management members from AlMoayyed Contracting Group.
Commenting, Mr. Majed AlKhan, CEO at GFHRE, said, “We are delighted to be associated with AlMoayyed Contracting to execute this prestigious Project of Harbour Row, 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 and meet our unique and high specification requirement standards. They have the technical, financial and managerial strengths that give us confidence and that will ensure the Harbour Row project is delivered on schedule and to the highest quality standards.”
Mrs. Hala AlMoayyed, Executive Director of AlMoayyed, added, “We are happy to have been awarded this milestone Contract for execution of GFHRE’s Harbour Row project. Located in one of Bahrain’s most notable waterfront locations, this is an iconic project that requires the deep technical planning and execution that AlMoayyed brings to each of our projects. We look forward to working closely with GFHRE on this project.”
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Fatima Al Awami
P.O. Box 1468
Manama, Kingdom of Bahrain
T +973 17 749 759
F +973 17 006585
M +973 38831386
E fatima@finmarkcoms.com
© Press Release 2016
