UrbaCon Trading and Contracting (UCC) Signs off Contract for Gewan Island’s Marine Works Project
United Development Company (UDC), the master developer of The Pearl-Qatar and Gewan Island, has awarded UrbaCon Trading & Contracting (UCC), a subsidiary of Power International Holding (PIH) and Promar Marine Trading with the completion of marine works at Gewan Island.
UDC President and CEO Ibrahim Jassim Al-Othman signed the agreements yesterday with UCC’s Vice Chairman and Group CEO Mr. Ramez Al-Khayyat and Promar’s Chairman and Managing Partner Juliana Chamoun, in the presence of representatives from all parties.
“Working towards Gewan Island project is an imperative and exciting point of our business. We look forward for a fruitful partnership with UDC and Promar, where we will strive for the highest quality and success to accomplish the project” said Mr. Ramez Al-Khayyat.
Mrs. Juliana Chamoun 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. The marine work project involves dredging, reclamation fill, and the provision and installation of core, armor, geotextile materials and concrete elements as well as the supply and installation of selected fill and beach sand material.
Speaking about the event, Mr. Moutaz Al-Khayyat, Group Chairman of UCC and PIH stated, “We expect to incorporate numerous sustainability features in the project, a commitment that we share with Promar and UDC. We anticipate that this will be an innovative collaboration; a partnership that will open many possibilities in the future.”
Once completed, the Island will accommodate 3,500 residents and 3,000 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 multi-use buildings. 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 urban and vibrant lifestyle.
United Development Company (UDC) 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. Established in 1999, the Company was first listed on the Qatar Exchange in June of 2003. It has an authorized share capital of QR 3.5 billion and total assets of QR 18.3 billion at 31 March 2019.
About Promar Marine Contracting
Promar Marine Contracting (PROMAR) was established in Lebanon in 1985. After great success, Management decided to expand its services & a branch of the company was established at Qatar in 2007, for serving the Gulf Market. Today, PROMAR serves as a leading marine contracting company in the region.