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GFH Real Estate (GFHRE), the real estate arm of GFH Financial Group, has commenced work on its $150 million Harbour Row Project, a new residential and commercial destination in the heart of Bahrain’s capital city and located on the waterfront of the iconic Bahrain Financial Harbour.
Harbour Row has been envisioned by its developers to bring to market ‘world-class amenities, prestigious lifestyle brands and global citizens together in a vibrant development’.
It will include around 475 residential units across six buildings.
In addition a broad range of expected retail outlets are proposed and other related facilities to offer similar scenes to that of other financial hubs around the world such as London Docklands, South Beach Miami and Sydney Harbour.
Having completed site preparation and mobilisation activities upon their appointment in December 2016, Al Moayyed Contracting (AMC), the project’s main contractors, have now begun with works on Harbour Row starting with the commencement of foundation and piling works, which will encompass the execution of 575 contiguous piles and some 200 structural piles.
GFHRE has also appointed DG Jones & Partners as the project’s manager and cost consultant and Aref Sadeq Designs as the supervision consultants.
Majed AlKhan, CEO of GFHRE, said: “We are delighted to announce the start of works at Harbour Row in cooperation 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.
“As was promised, we have launched works on time and according to plan in the first quarter of 2017. 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.”
