Manama: GFH Financial Group (GFH) has awarded a turnkey Engineering, Procurement and Contracting (EPC) Contract to China Machinery and Engineering Corporation (CMEC) for the construction and financing of up to 85 per cent of its Dubailand-based project, California Village, for approximately $150 million.
The contract will see financing provided by Chinese banks under an insurance policy to be issued by Chinese state government agencies .