UDC Awards Gewan Island Contract to “Urbacon Trading &
Contracting” & “Promar Marine Contracting”
July 16, 2019
United Development Company (UDC), has signed a contract with
“UrbaCon Trading & Contracting” and “Promar Marine Contracting”
to execute marine works at Gewan Island.
Mr. Ibrahim Jassim Al-Othman, UDC Board Member and CEO, and Mr.
Ramez Al-Khayyat, Vice Chairman and Group CEO of “UrbaCon
Trading & Contracting Company”, and Mrs. Juliana Chamoun,
Chairman and Managing Partner of “Promar Marine Contracting
Company” co-signed the agreement during a ceremony held at the
Oyster Building at The Pearl-Qatar, in the presence of
representatives from all parties.
“Urbacon Trading & Contracting” is a Qatari-based international
construction services company and grade one licensed builder,
and “Promar Marine Contracting” a leading marine works
construction firm founded in Lebanon since 1985 and expanded
towards gulf market since 2007. The two companies will undertake
the design, manufacture, supply, delivery, construction,
installation, erection, commissioning and testing of Gewan
Island’s marine works package.
The marine works involve dredging, reclamation fill, and the
provision and installation of core, armour, geotextile materials
and concrete elements as well as the supply and installation of
selected fill and beach sand material.
Commenting on this occasion, Mr. Ibrahim Jassim Al-Othman, UDC
President and Chief Executive Officer and Member of The Board,
highlighted that the total investment value in Gewan Island
amounts to approximately QR 3 billion.
Mr. Al-Othman added: “The agreement with “UrbaCon Trading &
Contracting Company” & “Promar Marine Contracting Company”
demonstrates that Gewan Island’s construction and development
works are proceeding according to the plans to complete our
latest flagship project by the expected 2022 deadline. We have
initiated the preparation works for the construction of the
Island, where the completion of building the boardwalk wall will
be in February 2020”.
Mr. Ramez Al-Khayyat, Vice Chairman and Group Chief Executive
Officer of “UrbaCon Trading & Contracting Company” commented on
this agreement: “Working with UDC towards Gewan Island project
is an imperative and exciting point of our business. We look
forward for a fruitful partnership with UDC, where we will
strive for the highest quality and success to accomplish this
project”.
Mrs. Juliana Chamoun, Chairman and Managing Partner of “Promar
Marine Contracting Company” said: “Being awarded by UDC, one of
the most real estate reputable firms, means a great deal to our
business. We are proud to be part of this development initiative
that seeks out a fulfilling, positive and developed future”.
Gewan Island, UDC’s latest real estate project next to The
Pearl-Qatar Island, will span 400,000 sqm. Once completed, the
Island will accommodate 3500 residents and 3000 daily visitors
and will be home to 712 units, including 639 apartments, 41
waterfront villas (out of which 20 villas are standalone
villas), 26 beachfront villas, 6 island villas, in addition to
11,000 sqm of retail space and a number of multiuse buildings.
The Island, which derives its name from the full-round, pink-tinted
and perfectly shaped pearl from Qatar’s marine heritage, will
support a mix of property types, catering for different
accommodation and investment needs.
The Island will offer its residents a comprehensive living space
merging entertainment and retail outlets with smart
technologies. It is expected to attract a warm, welcoming and
youthful community seeking an urbane and vibrant lifestyle.
The Island will include a golf course, an air-conditioned outdoor
Crystal Walkway which acts like the Island’s spine, green parks
and which will attract new brands to Doha. The Island will also
be home to entertainment facilities, a sports club and a mosque.
The Island’s design incorporates a number of sustainability features
to reduce the use of vehicles and encourage walking and biking
through dedicated pedestrian and cycling networks in addition to
roads connecting the Island to the public transportation
network. The Island is also designed to reduce urban heat by
incorporating green roofs, shading, and reflective surfaces,
where applicable.
UDC, the master developer of The Pearl-Qatar and Gewan Islands, is a
leading Qatari public shareholding company with a mission to
identify and invest in long-term projects contributing to
Qatar’s growth and providing good shareholder value.
UDC activities cover a multitude of vital investment sectors
including real estate development, property management,
infrastructure and utilities, maritime and hospitality related
businesses.
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