With full scale construction of the Bahrain Financial Harbour (BFH) set to begin this month, the formal announcement of the project’s preferred contractor is scheduled for February 16, 2003. The contract will be awarded on an Engineer & Construct basis, covering all non-design and architecture-related elements of the Financial Center and BIIC.
The Bahrain Financial Harbour (BFH) project has moved into a high-growth phase with the completion of the piling work for Phase 1 of the development, which consists of the $250 million Financial Center and the recently announced Bahrain International Insurance Center (BIIC).
Envisaged as a complete financial city for the global finance sector, the $1. 3 billion BFH development uniquely combines business, leisure and residential components and is being developed on a waterfront site. The development has also been designated by the Government of Bahrain as a Strategic Investment Zone, with a blend of liberalized conditions to attract private-sector participation. The placement agent and financial advisor for the BFH development is Gulf Finance House (GFH). — (menareport.com)
© 2004 Mena Report (www.menareport.com)
