Nama International Real Estate, a subsidiary of Kooheji Global Holding, has launched its $300m mixed-use project in Bahrain.
KGH Tower, which is situated at Bahrain Bay, will be developed in two phases, according to Kooheji Global Holding’s managing director, Tariq Al-Kooheji.
Phase will consist of a four-star hotel with around 175 keys, 120 luxury serviced apartments and high-end commercial office space complemented by a retail zone with multi-storey car park space.
Phase 2 will develop a five-star hotel comprising of around 240 rooms, Hotelier Middle East reported.
The announcement took place during the signing ceremony at the head office of the Bahrain Bay Development Company between Nama International Real Estate and Bahrain Bay Development.
In a statement, Al-Kooheji said: “We have started communicating with top international hotel brands and operators to be our partners, and overall paid careful thought and consideration to make sure that the project will be developed based on the highest international design standards catering to the growing needs of the hospitality and commercial sectors in the kingdom of Bahrain."
Abdulla Al-Doseri, deputy CEO of Bahrain Bay Development, added: “We are very happy about our partnership with Kooheji Global Holding through their real estate arm, Nama International, and believe that the project chosen by them will be among the landmark projects at Bahrain Bay, a waterfront community that is designed at offering a high-end lifestyle of international standards to meet the needs of commercial, corporate, investment, banking and leisure sectors."For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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