Al Hamad Group of Companies has been at the forefront of the construction industry for more than 20 years and has the capability to carry out design, execution, and maintenance of both conventional and turnkey construction projects with a workforce of over 18,000 employees in the Middle East.
The Groups in-house capability to design and execute all activities related to the construction industry, from pre-tendering conceptual stage, through design and construction to handover to the client is a feature that distinguishes the Al Hamad Group of Companies from most other companies in their field. This ability has contributed enormously to the growing success of the Al Hamad Group.
The Al Hamad Group of Companies continues to build on the basis of the same core values since they first established - Safety, Quality and Leadership.
The Groups plans for the future are to continue expanding and growing to be the leading Group of Companies in the construction and development industry in the Middle East and North Africa.
Manama, Bahrain, 19 August 2007: Gulf Holding Company (GHC) today announced the signing of a US$ 380 million construction contract to renowned construction major Al Hamad Contracting Company for the setting up of its flagship project the 'Villamar @ the Harbour'. This US$ 620 million Signature Project is Bahrain's most advanced and the Bahrain Financial Harbour's first residential component.
Commenting on the announcement, Mr Ahmed Al Ameer, Vice-Chairman and Chief Executive Officer, Gulf Holding Company, said: "We selected Al Hamad Contracting Company post an in-depth audit of a host of highly competitive bids submitted by a host of regional and global construction majors vying for this highly distinguished project. Our key selection criterion was to ensure that the selected company matched the best professional and technical global standards. Additionally, the US$ 380 million which is the value of this construction contract is a part of the total estimated investment volume of US$ 620 million in this project which is to be completed in the first quarter of 2010."
Elaborating on the global response to the contract Mr. Al Ameer, said: "The contract for the development of Villamar @ the Harbour evoked huge response from global firms, which is a significant reflection of the interest generated by the project as well as the enthusiasm to participate in Bahrain's booming and dynamic real estate market. He added that this developmental project, which includes a unique and distinctive design concept of the twisted towers, falls within the "Signature Series" devised by the Gulf Holding Company to create a bank of highly distinguished global projects. He also said that this project is one of the most sophisticated and largest multi-use projects witnessed by the Kingdom of Bahrain.
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