Search by Popular Categories

  • Consumer

  • Commercial

  • Construction

  • Industrial

  • Oil & Gas



Manara starts Investment Gateway – Bahrain Phase Two work

Mar 3, 2019 4:19 PM

Manara Developments a leading real estate development company said it has started work on Phase Two of Investment Gateway Bahrain the largest light industrial project available for freehold ownership in...

Manara Developments, a leading real estate development company, said it has started work on Phase Two of Investment Gateway – Bahrain, the largest light industrial project available for freehold ownership in the kingdom with an area of 29 million sq ft for the first and second phases together.

Amar 1 Real Estate Investment Company is the owner of the Investment Gateway – Bahrain, while Manara Developments Company is the project development manager.

Manara had announced in December that Great Lakes Drake and Docks Company had been signed up to undertake the reclamation work for Phase Two of the project.

The engineering and technical team overseeing the project includes Bahraini firm Haj Gulf and Aecom Middle East.

Announcing the project work launch Dr Hasan Al Bastaki, the managing director of the company, said the success of Phase One and the increasing demand from investors made the company think of going to the second phase, which was planned in advance.

According to him, Amar 1 Real Estate Investment Company is set to invest BD100 million ($264 million) for the implementation of Phase Two.

The scope of work includes the reclamation works, construction of the infrastructure, including the internal streets, electrical and water services and so on which makes the project attractive and ready for direct use by investors, he added.

Dr Al Bastaki said the period of the reclamation and the preparation of the land of the project will be 18 months. The company will manage the project, while Aecom Middle East is supervising its implementation, he added.-TradeArabia News Service

Premium Partners - construction


Edamah renews Strategic Partnership of Gulf Property Show Jan 20, 2020 16:08 PM

Bahrain Real Estate Investment Company (Edamah) has renewed its...

Investcorp to invest $130m in Indian real estate Jan 15, 2020 09:25 AM

Leading global alternative asset management firm Investcorp has...

Tamkeen is strategic partner for Gulf Construction Expo Jan 13, 2020 16:47 PM

Hilal Conferences and Exhibitions (HCE) will be holding the next...

Damen plans more tech seminars in Nigeria Jan 13, 2020 13:44 PM

Dutch-based Damen Shipyards Group which operates 36 shipbuilding...

Diyar Al Muharraq lays foundation for souq project Jan 13, 2020 12:14 PM

Diyar Al Muharraq one of the largest real estate developers in Bahrain...

Bahrain records 6,200 freehold villas in Q4 2019 Jan 13, 2020 11:49 AM

Bahrain s residential sector recorded about 6 200 freehold villas...