Issue No 341 - May 30, 2011

KFH-Bahrain awards contract for 6 villas

Kuwait Finance House – Bahrain (KFH-Bahrain) has signed a contract with Kooheji Contractors, a leading Bahraini construction company, to build 6 mock-up villas in Diyar Al Muharraq.

The construction will commence immediately and the villas are scheduled to be completed in October for viewing by potential buyers.

KFH-Bahrain issued this tender last April. 19 major Bahraini contracting companies participated in the bidding.

This project is considered to be one of the largest residential projects undertaken by the private sector in Bahrain, where between 2,500 and 3,000 housing units will be developed within KFH-Bahrain’s flagship real estate development project, Diyar Al-Muharraq. The overall project is planned to be developed in several phases. The first phase is expected to start in October 2011 once the mock-up villas are completed, along with commencement of the sales of the housing units.

'Being one of the leading local companies, we are confident that Kooheji Contractors will demonstrate the highest level of competency to deliver the mock-up villas on schedule,' said Abdulhakeem Alkhayyat, managing director and CEO of KFH-Bahrain.

'Diyar Al Muharraq is one of the most prestigious developments in the kingdom and it is our privilege to be associated with it,' added Abdul Ghaffar Kooheji, MD of Kooheji Contractors.

The developers will focus on building distinct units in design and detail, with prices not to exceed BD 100,000, depending on the type and size of the housing unit, a statement said.

The lead architect and project manager of this project is Adel Ahmadi Associates and the interior designer is Horizon Interiors.

Source: TradeArabia News


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