Monday 20 November 2017

GFH starts work on $150m Bahrain waterfront project

MANAMA, March 13, 2017

GFH Real Estate (GFHRE), the real estate arm of GFH Financial Group, said it has officially started work on its $150-million Harbour Row, a new residential and commercial destination in the heart of Bahrain’s capital city Manama and located on the waterfront of the iconic Bahrain Financial Harbour.

Harbour Row has been envisioned by GFHRE to bring to market world-class amenities, prestigious lifestyle brands and global citizens together in a vibrant development which will include some 475 residential units across six buildings.

Besides, it will also boast a broad range of expected retail outlets and other related facilities which offers similar facilities to other financial hubs around the world such as London Docklands, South Beach Miami and Sydney Harbour, said the statement from GFHRE.

Having completed site preparation and mobilisation activities upon its appointment in December 2016, Al Moayyed Contracting (AMC), the project’s main contractor, has now begun works on Harbour Row, said the statement.

It has started with the commencement of foundation and piling works, which will encompass the execution of 575 contiguous piles. Some 200 structural piles are in progress, which was earlier initiated with projection work and substructuring.

GFHRE has appointed DG Jones and Partners as the project’s manager and cost consultant and Aref Sadeq Designs as the supervision consultant for Harbour Row, it added.

CEO Majed Al Khan said: "We are delighted to announce the start of works at Harbour Row in co-operation with Al Moayyed Contracting, our partners in the construction of this landmark project."

"This is an important milestone in our efforts to create a new and unique value proposition and one that is developed to the highest and most exacting international standards for innovation in urban living to match those across the world’s best known waterfront cities," stated Al Khan.

"As was promised, we have launched works on time and according to plan in the first quarter of 2017," said the top official.

"Importantly, this puts us in a strong position to also complete the development of Harbour Row on schedule for the benefit of our partners and those that have already invested in the project including homeowners. We now look forward to swiftly moving ahead and reaching additional milestones on target together with the best-in-breed team of consultants and partners that we have assembled and engaged," he added.-TradeArabia News Service

Tags: Bahrain | GFH | waterfront project |

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