Press Releases

Gulf Holding Company awards USD 11.5 million Downtown Al Areen Infrastructure Works contract to Downtown Construction Company - Bahrain

16th January 2008

• To include construction of Roads, Water Storage Facilities & other Services
• To be completed in 15 months starting January 08

Having recently awarded the construction contract for Bahrain’s first truly Downtown district ‘Downtown Al Areen’, Gulf Holding Company (GHC), with a view of further speeding up the development process, today announced the appointment of Downtown Construction Company W.L.L. – Bahrain as the lead infrastructure contractors for the second and final phase of the project.

As per terms of the contract, Downtown Construction Company will be responsible for all infrastructure work, including construction of roads, water storage facilities and other services. Valued at US$ 11.5 million, the infrastructure works at Downtown Al Areen is scheduled to commence this month itself and will take 15 months for completion.

Commenting on the award of the contract, Mr Ahmed Al Ameer, Vice Chairman & Chief Executive Officer, GHC, said: “This contract closely follows the awarding of the construction contract for Downtown Al Areen and is a clear indication of our commitment towards ensuring a speedy completion of this signature project, within the given project timelines. Both the infrastructure and construction work will progress simultaneously thus leading to significant time and cost savings.

Additionally, given the nature and scope of this strategic project. It was absolutely essential that we appoint the best qualified partners especially those with vast local experience.”

Recently, well-known Bahraini firm Ahmed Mansoor Al Aali Co. B.S.C (C) was awarded USD 216 million the contract construction of the Downtown Al Areen development’s Main Boulevard including retail, residential areas, offices, supermarket, hotel and service apartments on a design build basis. Construction work on this phase is scheduled for completion in end of 2010.

ATKINS is the main designer of the Downtown Al Areen, which is a much talked about emerging tourism destination in the Al Areen Development. It is located in the heart of the world-class leisure destination. Spread over 260,000 square metres, Downtown Al Areen is a singular mixed use model of sustainable urban development, which is expected to galvanize the tourism appeal and attract a wider range of visitors to the Kingdom of Bahrain and the region. The project will include a town square, the first of its kind in the region, in addition to a school, recreational facilities and retail outlets.

Commenting on the appointment Shaikh Issa Bin Ali Al Khalifa, Chairman, Downtown Construction Company said: “Downtown Construction Company has always prided itself in its complete focus on quality both in terms of its work as well as its associations and our portfolio clearly vindicates this. We are thus extremely glad and proud to have been selected by Gulf Holding Company to undertake this prestigious Downtown Al Areen assignment. We are confident that we will deliver this challenging assignment within the stipulated time-frame and while maintaining the high quality standards set out by GHC.”

Downtown Construction Company has been active in Kingdom of Bahrain for more than 28 years as a Multi Service organization and is best known for its expertise in implementation of construction scheme and infrastructure works which include industrial structures, turn key electromechanical projects, road and earthworks, sewerage and drainage, water lines. The company also specializes in undertaking reclamation work, hire of specialized earth moving equipments and specialized workers to various ministries including BAPCO, BANACO and municipalities, amongst others.