Firm signs deals for Pearl Qatar projects
FIRST Qatar Real Estate Development Company, a leading firm in
the Middle East, has signed major agreements with three prominent
agreements with Projacs International, Qatari Arabian
Construction Company (QACC) and EHAF Consulting Engineers were
signed at Cityscape Dubai 2006, the international property
investment and development event.
"We will continue to consolidate our base on solid foundations
and reinforce our commitment toward providing the highest
quality products. Projacs International, Project and
Construction Management, QACC - construction contractors and
EHAF Consulting Engineers fulfilled the requirement for Grade A
consultants and contractors," said Fahad K al-Ghunaim, chairman
and CEO of First Qatar.
Projacs has been awarded a contract for 55 months for all three
phases of First Qatar’s projects at The Pearl. The firm is the
largest Pan-Arab project manager with 14 offices across the
Middle East, North Africa, Asia and Europe, and with over 500
professional staff offering customised services to a variety of
clients in the public and private sectors.
"Sharing First Qatar’s philosophy for excellence in such
remarkable projects, Projacs International will endeavour to
deliver the tasks consistently on time and within budget," said
Luay Khoury, president and CEO of Projacs International.
"Sustainability of the project is a primary goal for us and will
build the foundation for a long term successful partnership with
First Qatar," Khoury added.
The contract to build the company’s 1st Towers (phase 1 project)
at the Pearl Qatar has been awarded to QACC, a subsidiary of
Lebanon’s Arabian Construction Company.
"We will deploy our latest cutting edge construction techniques
and services to demonstrate our capabilities as a total
solutions provider for the construction industry," QACC managing
director Omar Mikati said.
EHAF Consulting Engineers, which has accomplished several
prestigious projects throughout the region, was awarded the
contract for redesign and project supervision of all phases of
the 1st Towers.
"For EHAF a project is a manifestation of a new idea of practice
and focus that mirror innovation and culture," observed general
director Dr Mohamed Fahmy.
First Qatar’s activities include purchase, sale and rent of
buildings and land plots for development, acquisition, purchase
and sale of stocks and bonds of real estate companies, and real
estate advisory and feasibility studies.
Acquisition, lease, and management of hotels, health clubs,
tourist resorts, management, operation, investment and leasing
of motels, clubs, parks, gardens, exhibitions, restaurants,
residential blocks, tourist and leisure properties, spas and
health resorts are also part of its portfolio.
"First Qatar has established itself as a quality developer in
the region with the Cityscape Dubai 2006," said vice president
(marketing) Pierre Moreland.