Bahrain Financial Harbour (BFH) has signed a contract with Al-Hamad Contracting Company for the Engineering and Construction (EPC) for the construction of Phase One in the first quarter of 2004.
Total estimated project value for Phase One is $250 million and will create over 2,000 jobs, reported a press release. The Financial Centre includes the development of the Dual Towers, Financial Mall and Harbour House. Construction of Phase One will take approximately three years. Over 6,000 jobs will be created over the lifespan of the BFH project that is expected to be completed in six years.
The Dual Towers are designed for financial services and related businesses and will comprise of business centres, office suites and health and recreational facilities. The Financial Mall is a home to the capital markets including the Bahrain Stock Exchange, clearing and settlement houses and brokerage and trading firms. The Harbour House is designed for media based industries and will offer approximately 10,000 square meters of gross leasing space. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
