Browse
related articles
Ithmaar Development Company sponsors seminar on construction claims
Ithmaar Development Company, the development arm of the Ithmaar banking group, is sponsoring a seminar entitled An Overview of Claims in Construction, which is being held by the Bahrain Society of Engineers (BSE) at 7pm on 13 May, 2008 at the society's premises in Juffair.
The seminar will be conducted by Richard Burke, who is a construction contract specialist with 30 years of experience in managing high profile construction claims and disputes across five continents, including several with dispute values of more than $100m. He is a Fellow member of the Royal Institute of Chartered Surveyors and an Associate of the Chartered Institute of Arbitrators, and is Managing Director of Richard Burke Partnership Ltd, a construction contract consultancy headquartered in Edinburgh, UK, with offices in London, Bahrain, Brazil, Japan and New Zealand.
Burke would be speaking on claim types, their predominant causes, reasons for their success and failure and ways of minimising exposure for clients and major development companies.
"With the massive increase in development activities in Bahrain and the entry of international contracting firms, it is extremely important for major development companies and clients to keep abreast about the defense and preemption of future potential disputes and claims,"
said Ithmaar Development Company Chief Executive Officer, Mohammed Khalil Alsayed.
BSE Director of Activities, Younis Hamza added, "The Bahrain Society of Engineers is always endeavoring to provide the latest developments in the field of engineering through regular conferences and seminars."
The seminar, is which open to all, will be followed by a questions and answers session and dinner. Please contact BSE on 17727100 or Ithmaar Development Company on 17584601 for any further queries.
Article Options
Log in to request more information from Ithmaar Development Co (IDC)
Posted by Anne-Birte Stensgaard, Senior News Editor
Tuesday, May 13 - 2008 at 08:07 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited
without the prior written consent of AME Info FZ LLC / Emap Limited.
For more information please contact:
Tariq Khonji, mobile: 00973 39901721
About Ithmaar Development Company:
Ithmaar Development Company was set up by Ithmaar Bank in 2006 and has been mandated to manage and execute major development projects, with a focus on real estate, infrastructure, resorts, hotels, medical facilities and commercial buildings. Ithmaar Development Company's activities also include, among others, management and development of property and related consultancy services, as well as facility management.
IDC's initial portfolio of projects consists of the Health Island project, Aljazayer Beach Resort, and a hotel/office tower project. The total value of these prestigious developments is estimated at around $3.3bn.
The $1.6bn Health Island (Dilmunia) entails the creation of international standard health and wellness facilities in a resort-style environment. The project will be constructed on a man-made island off the north-east coast of Bahrain and will include a state-of-the-art diagnostic centre, nutrition/diabetes centre, cosmetic surgery, aesthetic medicine centre, women and children centre, alternative medicine centre and sports medicine centre. The project will also include deluxe spas and boutique hotels as well as residential clusters, commercial facilities and recreational amenities.
The $1.5bn Aljazayer Beach Resort project involves the creation of a world class leisure, family tourism and entertainment facility in the southwest coast of Bahrain. The facilities will include public beaches, several hotels, marinas, a theme park, a water park, an aquarium, a cultural center, a commercial district, residential units and chalets.
The hotel/office Tower project, estimated at $175mn, comprises a hotel that includes service apartments and an office complex, and will be located off the up-market Seef District of Manama. The hotel will be a luxurious family-oriented property, which will be the first of a chain of hotels that Ithmaar Development Company and its parent company Ithmaar Bank will develop within and outside the GCC countries.
Ithmaar Development Company is confident of establishing a sterling track record and setting a benchmark in conceptualising, developing and executing such world class projects in the fast growing regional real estate and property sector. Ithmaar Development Company's professional team is led by its CEO & Member of the Board, Mohammed Khalil Alsayed, who has a distinctive track record of leading major development and infrastructure projects.
About Ithmaar banking group
The Ithmaar banking group consists of: Ithmaar Bank, Shamil Bank, Solidarity (an Islamic insurance company), Faisal Private Bank (Switzerland), Faysal Bank Limited (Pakistan), First Leasing Bank and Ithmaar Development Company. The group's services, including investment, private, retail, and commercial banking, private equity, mergers & acquisition advice, takaful, leasing, and real estate development, form a 360 degrees value chain that embraces the entire spectrum of banking and financial services.
Articles in this section are primarily provided directly by the companies
appearing or PR agencies which are solely responsible for the content. The
companies concerned may use the above content on their respective web sites
provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in
this section of the AMEinfo.com Web site are those of the authors and do
not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is
not responsible or liable for the content, accuracy or reliability of any
material, advice, opinion or statement in this section of the
AMEinfo.com Web site.
For details about submitting your stories, please
read the guide - all content published is
subject to our terms and conditions
