Revolution Precrafted, which designs and supplies prefabricated structures, announced its entry into Bahrain.
In a statement, the company said it had sealed an agreement with Bahrain’s Property One Investment Co. for a supply deal for residential villas.
Under the agreement, Revolution Precrafted will design and supply modular residential villas “specifically designed for the Middle East market using a combination of precast and prefab technology.”
This will involve up to 500 villas over five years. The four-bedroom villas will measure up to 200 square meters each, and will be valued at about $320,000 each.
“This is an exciting period for the company as we continue to expand our footprint worldwide. Bahrain is an important part of this expansion because of its strategic location and its very strong economy,” Robbie Antonio, founder and CEO of Revolution Precrafted, said in a statement.
Murad Al Ramadan, Property 1 Founder and managing director, noted in the statement that the goal was to create “eco-friendly and energy-efficient” homes.
Bahrain is the 12th international market for Revolution Precrafted. The company is also present in the Philippines, United Arab Emirates, Myanmar, Japan, Indonesia, Ecuador, Puerto Rico, Guyana, Jamaica and Trinidad.
Revolution Precrafted, over the last six months, has bagged over $7.5 billion worth of projects including the $3.2-billion partnership with Seven Tide, for “The World Islands” in Dubai, and the $1.2-billion Okkyin project in Myanmar with KT Group.
Last month, it signed a $300- million dealership agreement with Novo Development Ltd. to build at least 1,000 homes in the Caribbean nations of Trinidad and Tobago, Guyana, Jamaica and the Bahamas.
It also landed a deal to build 85 luxury resort villas in Okinawa, Japan and 2,000 housing project in Puerto Rico with Grupo Cacho.
In the Philippines, it partnered with Century Limitless Corp. for the $1.1-billion Batulao Artscapes in Nasugbu Batangas, the $750-million Revolution Flavorscapes in Mexico, Pampanga and the $125-million Puerto Azul project.