BFH awards BD4.8 million Phase III reclamation contract to Ahmed Mansoor Al A'ali Co. of Bahrain

Elaborating on the progress of the development and the details of the Phase III reclamation, Mr. Esam Janahi, Chairman of BFHHC, said: "The awarding of the Phase III reclamation and revetment contract is another milestone for BFH, indicating the fast pace at which the project is being developed, encouraged by enthusiastic response from local, regional and international investors."

"Reclamation of Phase II of the project has already been completed and revetment works are in progress," he said.

The reclamation and revetment work for Phase II was planned in two parts. The first part comprising land reclamation was concluded in June 2005 as per the schedule. The second part consisting of rock revetment and construction of quay walls is in progress and expected to be completed by March 2006.

Reclamation for BFH consists of three phases, the last of which has been kick-started with the new contract. The entire scope of Phase III, which includes the reclamation and revetment works, is scheduled to be completed by May 2006.

He said AMA has been appointed as the contractor for the third phase considering their expertise in reclamation and marine works. AMA is already involved in Phase II of the project, the largest phase of the BFH development.

"AMA is one of the leading Bahrain-based contracting companies specialised in reclamation and marine works, and awarding the contract to the company also signifies the corporate philosophy of BFH to support local businesses," Mr. Janahi said.

"We have been able to accelerate the pace of the development thanks to the support and encouragement of the Government of Bahrain " he said.

BFH is being developed as a national landmark and has been the centre of attention in the region as well as globally ever since the project was announced. The robust investor enthusiasm has been evident in the sale of Harbour House and the Bahrain International Insurance Centre (BIIC), Mr. Janahi added.

Commenting on the award of the Phase III reclamation contract, Mr. Jalal Al A'ali, Vice Chairman of AMA, said: "We are extremely honoured to be selected as the contractor for the third and last phase of the BFH development. For AMA, the contract marks a significant addition to its project portfolio."