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Sat 23 Oct 2010 03:54 PM

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Reclamation on Bahraini project to complete in Q1 2011

Infrastructure work on Investment Gateway Bahrain to finish at close of 2011

Reclamation on Bahraini project to complete in Q1 2011
SIGNIFICANT INTEREST: Project developer, Manara Developments said 600,000 sq m site is attracting "significant interest"

Reclamation work on the Investment Gateway Bahrain project will be finished in the first quarter of next year, according to a senior official.

The 600,000 sq m site had seen significant interest from several top industrial houses and companies, said Dr Hassan Al Bastaki, managing director of project developer Manara Developments.

“An $18.6m reclamation project has already been underway since July and work is expected to be completed in the first quarter of 2011,” he was quoted as saying by Gulf Daily News.

When completed, the project will feature warehousing, commercial showrooms, worker accommodation, a business park and logistics facilities.

After reclamation work is complete, Manara will then start building the infrastructure, which will cost between $21.2m and $26.5m. That process is expected to continue until the end of 2011.

Al Bastaki added that the company was also keen to provide leisure facilities to residents of the project.

"We have planned an open public beach and other facilities for the general public to use,” he said.

China Harbour Engineering Company is currently undertaking the reclamation work.

Based just off the east coast of Muharraq, Investment Gateway Bahrain is owned by Amar Holding. The entity was established by Al Salam Bank Bahrain in 2008 in conjunction with a number of strategic investors.


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