Pearl contracts brings three contractors together
United Development Company has signed three contracts to construct Al Mutahidah Towers and develop Giardino Village infrastructure alongside ten villas at its flagship development The Pearl in which three contractors will work together for the first time
Three contractors will work together for the first time on three developments at The Pearl according to contracts signed by United Development Company.
United Development Company (UDC) has signed three contracts worth QAR716mn ($195mn) to construct Al Mutahidah Towers and develop Giardino Village infrastructure and ten villas.
This will be the first time that the three contracted companies will work together, UDC president & CEO Ibrahim Al-Othman said at the signing.
Leighton Contracting Qatar has been commissioned to construct Al Mutahidah Towers, one of the three contracts.
Signed by the UDC president & CEO and Leighton Contracting Qatar shareholders represented by chairman Emad Darwish A Al-Darwish, and Jeremy Lai, executive general manager, the development comprises approximately 480 apartments in the beachfront precinct of Viva Bahriya.
Completion is expected in the fourth quarter of 2019.
Al-Darwish and Lai are committed to delivering the project within the parameters set out in the agreement, and said at the signing: “Working on a variety of property units, we believe that this investment into Viva Bahriya will certainly cater to a good mix of residential needs… this project will serve to enrich the portfolio of Leighton Contracting Qatar and thus we would hope to leave a lasting mark within The Pearl and the country as a whole.”
Following the first signing, Navayuga Engineering Co. was then awarded the contract to perform infrastructural works at Giardino Village, a residential district of villas.
Al-Othman signed on behalf of UDC while Navayuga Engineering shareholders were represented by Emad Darwish A Al-Darwish (chairman, Qatar), and Sridhar Chinta (managing director, India).
The company’s general manager (Qatar), Ravi Kishore Chunduri said that the new district will showcase a range of fully integrated services for residents of the development.
The plan to construct ten luxury villas in the Giardino Village precinct was also announced and was awarded to Promer Qatar. Al-Othman and Salem Rashid Al-Mohannadi, Promer Qatar’s chairman signed the contract.
The ten villas are scheduled to be handed over within 18 months, and will be put up for sale in the short term.
Al-Mohannadi stated: “We are excited to spearhead the construction on these ten luxury villas and hope to be able to translate UDC’s aspirations for sophistication and luxury into a solid investment product for Qatar’s selective property buyers.”