SINGAPORE, March 17 /PRNewswire-Asia/ -- PT Grand Uway Development ("GUD"), developers of Grand Quarter ("GQ") Batam, signed a strategic partnership agreement with Bouygues Batiment International as Turn-key Contractor. This agreement marks an important step in the development process of the integrated business and leisure area because it guarantees completion of both phases of the US$ 120 million project. The first phase, consisting of the Water Park, Condotel, Apartment Complex and Convention Center, will be finished in 24 months. The second phase, composed of the Shopping Mall, Lifestyle Area and Office Block, will be accomplished after 5 years' development.

This strategic partnership assures that PT GUD will be able to deliver Grand Quarter Batam according to planned time schedule. This surely is good news for both domestic and foreign businessmen & tourists -- as they can enjoy various facilities offered by GQ Batam without any delay; and it is even better news for investors, who will soon reap the benefits of their investments.

Bouygues Batiment International, a French-based company, is globally known as a leading contractor with branches in 80 countries. Their international experience as a contractor in civil works, electrical and maintenance supported by professionals and an extensive network presents a strong resume, allowing Bouygues Batiment International to offer a wide range of innovative solutions. One of their projects in Jakarta, Indonesia is The Rasuna Apartment, which was completed successfully amid the global economic crisis in 1999. Bouygues Batiment International's other projects in Singapore include Fullerton Square and The Ritz Carlton, which received the Construction Excellence Award (CIDB) in 1997.

"Batam has a great potential in developing MICE business. That's why we decided to support the project until completion," said Ludwig Reichhold, General Manager, South Asia of Bouygues Batiment International.