Qatar Project Management announces start of its operations

Qatar Project Management announces start of its operations Qatar: Wednesday, January 07 - 2009 at 12:35 PRESS RELEASE. 0 inShare.inShare.0. Related content Racing for the world's tallest building » Saraya Aqaba signs $629m contract with international... » Cayan to inaugurate world's tallest twisted tower in... » Cayan Real Estate Investment and Development Company... » Qatar Project Management Company (QPM), a new Qatari company specializing in world class real estate and infrastructure project management services, announced its start of operations and the signing of two new contracts valued at QR308m at a press conference held at Al Sharq Village Hotel and Spa, Doha. Revealing the aims of the Qatari shareholding company whose authorized capital is QR500m, Chairman Mr. Ghanem Bin Saad Al Saad outlined that QPM's principle objective is to provide international standard project management services for all commercial, real estate, residential, leisure, and infrastructure projects within and outside the State of Qatar for Qatar's two most prominent real estate developers - Barwa Real Estate Company (Barwa) and Qatari Diar Real Estate Investment Company [QD] - and their subsidiaries. Chairman Al Saad leads -a strong QPM Board of Directors aided by Vice Chairman Mr. Abdul Razzaq Al-Siddiqi. Outlining the company's business strategy, Al Saad confirmed QPM strategy is to steadily build its capabilities to become the dominant supplier of Project Management services in Qatar and beyond. Chairman Al Saad commented: "Our ambitious growth strategy calls for QPM to win a significant share of the local & international markets and position itself within the top five international project management companies in the years to come." Operating independently from parent company Barwa, QPM is managed by a talented senior management team led by CEO Mr. Nasser Abdul Rahman Kamal who is well experienced in delivering large scale developments on time, on budget and to recognized international standards. QPM will provide Barwa, QD and all its clients with a full range of professional project management services including feasibility studies and their review, program development & management, cost management, project control, health & safety management, environmental management, risk management, claim management and resolution. "The experience, knowledge and vision of our Project Management team puts QPM in a position to be a highly successful profit-making business," said Vice Chairman Al-Siddiqi. "To ensure we operate to the highest international standards from day one, we are partnering with leading international project management and quantity surveying firms to enhance the professional development of the company." "To implement QPM's vision we will endeavour to execute projects on time, within set budget and with international quality standards utilizing our skilled resources," said the CEO Mr. Kamal. Explaining how the key Berger-Hill and Adamson contracts contribute to the development of the Real Estate industry in Qatar, Mr. Kamal added: "Both contracts include very specific responsibilities for our partners to work closely with QPM's own specialists. Our strategy is for QPM to strengthen our role in Project Management with the latest technology in the near future." QPM's contract with Louis Berger / Hill International: To ensure all Barwa and QD projects enjoy faster execution and benefit from a world class project management methodology, QPM's first move was to sign a five-year contract with a joint venture company between Louis Berger and Hill International, global leaders in real estate development and project management services. Confirming the commitment of Louis Berger Group (LBG), President of LBG SAS Mr. Fabrice Signor commented, "We are pleased to partner with QPM and shall call upon all our experience and resources to assist QPM in achieving its strategic objectives." Hill International Chairman and CEO, Irvin E. Richter said, "We are very pleased to partner with QPM which is established to become an outstanding Qatari company that embeds strong values and dynamic project management practices." QPM-David Adamson & Partners overseas contract: Further strengthening QPM's international alliances and demonstrating the company's determination to provide world class services in every area of its business, QPM has announced the signing of a separate five-year Contract with David Adamson & Partners Overseas that will enhance the delivery of the company's expert quantity surveying services locally, regionally and internationally. Stephen J Johnston, Chairman of David Adamson & Partners overseas, said, "Our business relationship with QPM is undoubtedly one of the most exciting partnerships in global real estate. With QPM's in-house specialists and our vast experience in all types of major large-scale developments, we jointly have all the necessary skills to undertake QPM's state-of-the-art projects." Managing prestigious developments: QPM's initial project management responsibilities include a development of immense social significance to the State of Qatar, the QR4.5bn ($1.2bn) Barwa Al Baraha Phase 2 development in Doha's Industrial Area. The 1.8 million sq m development provides comfortable living conditions, recreational facilities and direct access medical care to 53,000 blue collar workers together with parking for 4,200 trucks. QPM will also manage Barwa Financial District, a QR5bn ($1.36bn) integrated real estate solution which serves the needs of local and international financial institutions in the Doha's West Bay Central Business District. Covering a built-up area in excess of 695,000 sq m, Barwa Financial District offers high quality office space with a solid infrastructure, state-of-the-art technology and parking for more than 5,000 cars. Tenants, owners and visitors will enjoy 5 star facilities including luxury hotel of 322 keys and spa, conference center, and global brand retail outlets of 9000 Sqm. Building heights range between 22 and 52 floors, culminating in a 52-floor flagship tower destined to become Doha's premier architectural landmark. QPM will also project manage construction of the QR3bn ($824m) Barwa Al Doha luxury tourist destinationin the State of Qatar. Covering 51,000 sq m, Barwa Al Doha features residential & commercial towers, shopping mall, five star hotel, fine dining restaurants, amusement centre, health club & SPA, with parking for 5,000 cars. Underlining a commitment to be part of the legacy in developing the long term growth of Qatar, QPM will be managing one of the largest civil projects ever seen in the State of Qatar, the QR5bn ($1.4bn) Barwa City Phase 1. Built on more than 2.7 million sq m in Musaimeer, Barwa City offers accommodation for more than 35,000 people and features health clubs, shopping compounds, parks and playgrounds, banks , district cooling, central gas network and satellite TV systems. Phase 2 of the same project estimated at QR7bn ($1.9bn) comprises of the 250-bed hospital, school, nurseries, hotel, will be extended soon. "Qatar Project Management Company is totally dedicated to deliver all projects with the highest standards of services possible within the approved schedules, budgets and specifications," concluded Al Saad. .