Bahrain's $100m Dragon City set for official launch on Dec 27

Developers Diyar Al Muharraq and Chinamex announce plans for Chinese-themed mixed use project
Bahrain's $100m Dragon City set for official launch on Dec 27
By Staff writer
Thu 24 Dec 2015 02:24 PM

Developers Diyar Al Muharraq and Chinamex have announced that the official inauguration of Bahrain's $100 million Dragon City project will take place on December 27.

Spread over a total land area of 115,000 sq m, Dragon City is the first of its kind development in Bahrain, which will offer Chinese-themed wholesale and retail opportunities a statement said.

Dragon City encompasses Dragon Mall and a themed Dining Village. The mall is infused with Chinese architectural and cultural aspects incorporating over 747 commercial units for both retail and wholesale trade and additionally, a 4,500 sq m area designated for warehouses.

Additionally, Dragon City also includes Dragon Apartments which comprise six multi-storey residential buildings offering 300 apartments.

Work on Dragon Apartments is complete and the first group of residents is due to move in their apartments soon, the statement said.

The Dragon City concept was launched in May 2012 as the result of an agreement between Diyar Al Muharraq and Chinamex.

Diyar Al Muharraq CEO, Dr Maher Al Shaer, said: "At this historically significant juncture, I would like to thank the government of Bahrain for its unwavering support in our far-sighted vision.

"With Dragon City being one of the anchors of Diyar Al Muharraq, it is imperative that it lives up to the hype surrounding it and with the work already completed, the public will soon get a glimpse of the success that it is guaranteed to be and the surety that it will exceed all expectations.

"It will transform the Kingdom of Bahrain into a prominent hub of industry, trade and commerce in the region and will eventually propel the Kingdom into the global real estate and property development limelight," he added.

Hao Feng, chairman of Chinamex Middle East Investment & Trade Co, said: "Dragon City is finally ready to welcome the public now. Till today, Dragon City has successfully attracted hundreds of Chinese manufacturers and trading companies to set up their business in Dragon City.

"We believe that the Opening of Dragon City will witness a new stage of economic and trade relationship between China and Bahrain."

For all the latest construction 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.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.