QPM to provide world class project management services for BARWA and Qatari Diar real estate developments
Partnering with Internationally Renowned organizations demonstrates QPM's commitment to the development of the real estate industry in Qatar,"said Al Saad
Doha, Qatar - 06 January 2009: Qatar Project Management Company (QPM), a new Qatari company specializing in world class Real Estate and Infrastructure Project Management Services, announced its start of operations and the signing of two new contracts valued at QR308 million at a press conference held at Al Sharq Village Hotel & Spa, Doha.
Revealing the aims of the Qatari shareholding company whose authorized capital is QR500 million, Chairman Mr. Ghanem Bin Saad Al Saad outlined that QPM's principle objective is to provide international standard project management services for all commercial, real estate, residential, leisure, and infrastructure projects within and outside the State of Qatar for Qatar's two most prominent real estate developers - BARWA Real Estate Company (BARWA) and Qatari Diar Real Estate Investment Company [QD] - and their subsidiaries.
Chairman Al Saad leads -a strong QPM Board of Directors aided by Vice Chairman Mr. Abdul Razzaq Al-Siddiqi. Outlining the company's business strategy, Al Saad confirmed QPM strategy is to steadily build its capabilities to become the dominant supplier of Project Management services in Qatar and beyond.
"Our ambitious growth strategy calls for QPM to win a significant share of the local & international markets and position itself within the top five international project management companies in the years to come," commented Chairman Al Saad.
Operating independently from parent company BARWA, QPM is managed by a talented senior management team led by CEO Mr. Nasser Abdul Rahman Kamal who is well experienced in delivering large scale developments on time, on budget and to recognized international standards.
QPM will provide BARWA, QD and all its clients with a full range of professional project management services including feasibility studies and their review, program development & management, cost management, project control, health & safety management, environmental management, risk management, claim management and resolution.
"The experience, knowledge and vision of our Project Management team puts QPM in a position to be a highly successful profit-making business," said Vice Chairman Al-Siddiqi. "To ensure we operate to the highest international standards from day one, we are partnering with leading international project management and quantity surveying firms to enhance the professional development of the company."
"To implement QPM's vision we will endeavour to execute projects on time, within set budget and with international quality standards utilizing our skilled resources" said the CEO Mr. Kamal.
Explaining how the key Berger-Hill and Adamson contracts contribute to the development of the Real Estate industry in Qatar, Mr. Kamal added: "Both contracts include very specific responsibilities for our partners to work closely with QPM's own specialists. Our strategy is for QPM to strengthen our role in Project Management with the latest technology in the near future."
QPM's CONTRACT WITH LOUIS BERGER / HILL INTERNATIONAL
To ensure all BARWA and QD projects enjoy faster execution and benefit from a world class project management methodology, QPM's first move was to sign a five-year contract with a joint venture company between Louis Berger and Hill International, global leaders in real estate development and project management services.
Confirming the commitment of Louis Berger Group (LBG), President of LBG SAS Mr. Fabrice Signor commented:" we are pleased to partner with QPM and shall call upon all our experience and resources to assist QPM in achieving its strategic objectives.
Hill International Chairman and CEO, Irvin E. Richter said "We are very pleased to partner with QPM which is established to become an outstanding Qatari company that embeds strong values and dynamic project management practices."
QPM-DAVID ADAMSON & PARTNERS OVERSEAS CONTRACT
Further strengthening QPM's international alliances and demonstrating the company's determination to provide world class services in every area of its business, QPM has announced the signing of a separate five-year Contract with David Adamson & Partners Overseas that will enhance the delivery of the company's expert quantity surveying services locally, regionally and internationally.
Stephen J Johnston, Chairman of David Adamson & Partners overseas said "Our business relationship with QPM is undoubtedly one of the most exciting partnerships in global real estate. With QPM's in-house specialists and our vast experience in all types of major large-scale developments, we jointly have all the necessary skills to undertake QPM's state-of-the-art projects."
MANAGING PRESTIGIOUS DEVELOPMENTS
QPM's initial project management responsibilities include a development of immense social significance to the State of Qatar, the QR4.5 billion ($1.2 billion) BARWA Al Baraha Phase 2 development in Doha's Industrial Area. The 1.8 million sq m development provides comfortable living conditions, recreational facilities and direct access medical care to 53,000 blue collar workers together with parking for 4,200 trucks.
QPM will also manage BARWA Financial District, a QR5 billion ($1.36 billion) integrated real estate solution which serves the needs of local and international financial institutions in the Doha's West Bay Central Business District. Covering a built-up area in excess of 695,000 sq m, BARWA Financial District offers high quality office space with a solid infrastructure, state-of-the-art technology and parking for more than 5,000 cars. Tenants, owners and visitors will enjoy 5 star facilities including luxury hotel of 322 keys and spa, conference center, and global brand retail outlets of 9000 Sqm. Building heights range between 22 and 52 floors, culminating in a 52-floor flagship tower destined to become Doha's premier architectural landmark.
QPM will also project manage construction of the QR3 billion ($824 million) BARWA Al Doha luxury tourist destinationin the State of Qatar. Covering 51,000 sq m, BARWA Al Doha features residential & commercial towers, shopping mall, five star hotel, fine dining restaurants, amusement centre, health club & SPA, with parking for 5,000 cars.
Underlining a commitment to be part of the legacy in developing the long term growth of Qatar, QPM will be managing one of the largest civil projects ever seen in the State of Qatar, the QR 5 billion ($1.4 billion) BARWA City Phase 1. Built on more than 2.7 million sq m in Musaimeer, BARWA City offers accommodation for more than 35,000 people and features health clubs, shopping compounds, parks and playgrounds, banks , district cooling, central gas network and satellite TV systems. Phase 2 of the same project estimated at QR. 7 billion ($ 1.9 billion) comprises of the 250-bed hospital, school, nurseries, hotel, will be extended soon.
"Qatar Project Management Company is totally dedicated to deliver all projects with the highest standards of services possible within the approved schedules, budgets and specifications," concluded Al Saad.
-Ends-
About BARWA
BARWA is one of the premier organizations in the State of Qatar. As the name "BARWA" or "Contractual Commitment" suggests, we are inspired by our vision of a glowing future for Qatar. With business interests in real estate & project development, property & facility management, construction material production, environmental activities & health, banking & finance, hotels & resorts, technology & utility, knowledge & communications and agriculture; BARWA is driven by the conviction that people deserve a comfortable living and working environment.
With extensive operations in Qatar and around the world, we believe that every BARWA project is the seed for an incredible journey, where our greatest achievement is realizing the dreams of our stakeholders. www.barwa.com.qa
About QPM
Qatar Project Management Company [QPM] is a wholly owned, independently operating subsidiary of BARWA. In line with the Management's vision of outsourcing the non-core part of the business to specialized internally created organizations, QPM was established to provide a centralized platform for the management of all BARWA projects.
Building on the strengths of this platform, QPM will become one of the global leaders for the provision of Project Management Services aiming to deliver projects on time, on budget, and with optimum quality. This will be achieved through establishing a team of highly skilled, motivated, and qualified professionals supported by state-of-the-art information technology and highly effective Project Management systems.
About Hill International
Hill International, with 2,300 employees in 80 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 11th largest construction management firm in the United States. For more information on Hill, please visit www.hillintl.com.
About Louis Berger Group
The Louis Berger Group Inc. offers professional services in the areas of civil, structural, mechanical, electrical and environmental engineering; program and construction management; planning; environmental sciences; cultural resources; information services; finance; and economics.
Founded in 1953 by Dr. Louis Berger, the Louis Berger Group (Berger) has grown into a recognized leader in the consulting field. The company prides itself on having developed innovative solutions to difficult and exacting problems. With more than 100 offices throughout the world, Berger is able to ensure maximum responsiveness to local conditions while providing clients with the technical resources and rapid response capabilities of a leading global organization. Please visit www.louisberger.com to learn more.
About David Adamson & Partners
First established in the United Kingdom in 1930, David Adamson & Partners Limited (David Adamson) is an international company of Chartered Surveyors and Property Consultants. Its principal divisions are Quantity Surveying, Valuation and Research. By resourcing this capability from its international network the company offers clients an inclusive cost consultancy and/or economic appraisal service.
David Adamson's Quantity Surveying Division provides all cost consultancy and related specialist expertise, including project value engineering, risk management, life costing and net present value cost options appraisal; all implemented with the objective of meeting David Adamson's ethos, 'to deliver the project as designed and to the required quality or better, on time and within budget'. Please visit www.davidadamson.biz for further information.
For further information, kindly contact:
Bassel Hanbali - Chief Communications Officer - BARWA
Mobile: +974 654 2099
Email: bassel.hanbali@barwa.com.qa
© Press Release 2009
