Philippine unicorn Revolution Precrafted has signed an agreement with Bahrain’s Property One Investment Company (Property 1) for the supply of residential villas in Bahrain, a move that further strengthens the company’s presence in the Gulf Cooperation Council (GCC) region.
Under the partnership, Revolution Precrafted will design and supply modular residential villas specifically designed for the Middle East using a combination of precast and prefab technology.
It will also supply Property 1 and its clients over the coming 5 years, up to 500 modular villas. The 4-bedroom villas will measure up to 200 square meters each, and will be valued starting from US$320,000 each.
These villas will be supplied to various housing developments in Bahrain, a country located in the Arabian Gulf, with a population of less than 1.5 Million. Bahrain is considered a major financial hub and trading center in the Middle East.
“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,” said Robbie Antonio, Founder and CEO of Revolution Precrafted.
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.
Over the past six months, it has bagged over $7.5 Billion worth of big tickets 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. It also recently announced its franchise agreement to supply mid-income homes in Ecuador.