Gulf Holding Company (GHC) has signed a $380 million construction contract with Al Hamad Contracting Company to build its flagship project ‘Villamar @ the Harbour’.

This $620 million signature project is Bahrain’s most advanced and the Bahrain Financial Harbour’s first residential component.
“Al Hamad was selected after an in-depth audit of a host of highly competitive bids submitted by regional and global construction majors vying for this highly distinguished project,” said Gulf Holding Company vice-chairman and CEO Ahmed Al Ameer.
The $380 million price tag is a part of the total estimated investment volume of $620 million in this project, which is to be completed in the first quarter of 2010.