JV Lands $52M Contract for Qatar Mixed-Use Project
- Nov 24, 2008
A joint venture led by Hill International, a project and construction management company based in Marlton, N.J., has been awarded a five-year contract worth about $52.6 million for the Barwa Al Khor mixed-use development in Qatar. Hill has a 65 percent interest in the joint venture. The project will be developed by Barwa Al Khor Co., a joint venture organized by Barwa Real Estate Co., of Doha, Qatar, and Kuwait-based Al Imtiaz Investment Co. Al Khor is a coastal town in northern Qatar, about 30 miles north of the capital, Doha. When complete, the Barwa Al Khor development will comprise about 39 million square feet of space, including more than 24,000 housing units in villas, townhouses, terraces and apartments; mixed-use areas; two hotels (one five-star and one four-star); an upscale shopping mall; four schools; office space; a mosque; and a golf course. The project’s total cost is expected to be about $8.2 billion. “We are honored to be working with a world-class developer such as Barwa on such a world-class project,” Raouf Ghali, president of Hill’s Project Management Group (International), said in a prepared statement.