Great Lakes wins Manara contract
Manama, June 7, 2009
Bahrain-based Manara Developments has signed a $4 million reclamation works contract with Great Lakes Dredge & Dock Company for the Wahat Al Muharraq project.
The contract involves hydraulic reclamation of the 170,000 sq m project being developed in the Muharraq waterfront area.
Manara is a real estate development company established by Al Salam Bank Bahrain and strategic investors from around the GCC.
The project will create a vibrant district offering retail facilities as well as civic amenities in addition to residential units.
Dr Hasan Al-Bastaki, Manara’s managing director, said: “We are pleased with the selection of Great Lakes Dredge & Dock Company as the main contractor for reclamation works on the Wahat Al Muharraq project. The commencement of these works with such a reputable contractor shows Manara’s commitment to developing this dynamic project which is expected to deliver a quality lifestyle address for residents from all walks of life.”
“Works on the project is already under way, and the reclamation works are expected to be completed in approximately three months,” said Dr Al-Bastaki.
The project is still in the stage of preparation of the draft master plan and the details of the project will be announced soon after obtaining the consent of the relevant authorities, he said.
John T O’Brien, vice president and Middle East division manager of Great Lakes Dredge & Dock Company said: “We are very excited about beginning the reclamation works on this project, and believe that we are well placed to meet all expectations on this phase. We are also delighted to be working with Manara Developments towards realizing this community-centric project.”
Great Lakes Dredge & Dock Company is the largest provider of dredging services in the US with over 100 years of experience in this field. The company conducts around 25 per cent of its operations internationally with a strong focus on the Middle East. - TradeArabia News Service