Bahraini developer to start delivering $270m projects in Q1

Bin Faqeeh says to start handover of eight real estate projects; commits to others still under construction
Bahraini developer to start delivering $270m projects in Q1
By Staff writer
Sat 14 Jan 2017 01:11 AM

Bin Faqeeh, a Bahrain-based privately-owned real estate investment company, has announced that it will start delivering $270 million worth of projects during the first quarter of 2017.

The developer said the projects that will be delivered includes The Grand, Plus, The Nest, Dar Tower, Forbes Tower, The Treasure, 360° and The Tweet.

Faisal Faqeeh, chairman of Bin Faqeeh, said: “It's our pleasure to announce to the owners and investors that a number of our outstanding projects are set to be handed over in the first quarter of 2017, after completion of all luxury finishes, facilities and final touches.

“With the completion of these eight real estate development projects, the total number of delivered projects will reach 30 projects, which constitute 80 percent of total projects in the pipeline,” he added.

Faqeeh said the company will "re-emphasise our commitment" to complete construction works in its remaining real estate projects.

Bin Faqeeh revealed that it has completed 30 percent of the construction works in its Water Bay project, which is a three-residential tower project built in Bahrain Bay and consists of a total of 588 apartments.

The developer said Hidd Heights, a 13-floor residential tower built next to Prince Khalifa bin Salman Park, is at a similar stage of construction.

Construction work in its Alsidra project will start in the end of the first quarter of 2017 to build 465 villas at Diyar Al Muharraq while work is also under progress at its Layan project.

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