Durrat villas won by Bahrain-based firm
US $18.5 million contract is the first of a raft of deals to be awarded
Durrat Al Bahrain has awarded a US $18.5 million (BD6.9 million) contract for the construction of 83 villas to Bahrain-based Projects Construction Company.
The contract is the first of many to be announced for the development of residential villas on the US $3 billion offshore development, where dredging and reclamation work is in its final stages. With the contract award for villas on Petal 1 Island, work will begin within days and the villas will take 12 months to build.
The Durrat Al Bahrain project comprises a cluster of islands and land areas, which include The Crescent, a semi-circular landmass extending into the sea, six atoll islands, five petal islands, a stand-alone island set to house a five-star family hotel and resort, a marina and an 18-hole golf course.
“We are delighted to award the first contract for the construction of luxury villas on Petal 1 island,” said Jassim Al Jowder, chief executive officer of Durrat Al Bahrain.
The Petal 1 villas are part of Phase I of the development, which also includes the construction of over 300 villas on Atolls 1 and 2, for which contracts will be awarded within the next three months.
“There has been remarkable progress made on this project, and everything, from reclamation to infrastructure work, is on or ahead of schedule,” said Al Jowder.
A contract for Phase I infrastructure work, which will include power and water facilities and the building of roads, is expected to awarded within the next few weeks.
Durrat Al Bahrain is a residential, leisure, commercial and tourist destination. It is expected to eventually accommodate more than 45,000 residents.