Manama, Kingdom of Bahrain–(BUSINESS WIRE)–November 22, 2023–
A groundbreaking ceremony for the Bahrain Marina project was held in Manama, the capital of Bahrain. The project is considered one of the strategic development projects aimed at diversifying the Kingdom’s economy and strengthening the real estate development sector as one of the most important sectors contributing positively. Effective for the non-oil gross domestic product of the Kingdom of Bahrain.
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Bahrain Marina Project (Photo: AETOSWire)
At a ceremony hosted by the Bahrain Marina Development Company at the Bahrain National Theatre, a film about elements of the Bahrain Marina mixed-use development project was screened in the presence of Deputy Prime Minister Sheikh Khalid bin Abdullah Al Khalifa. . ” aims to cement Bahrain’s position as a premier tourist destination by offering both permanent and short-term residence options. The project will offer a first-class commercial complex with 192 retail outlets, including international shops, fine dining restaurants, internationally and regionally renowned cafes, and 33 of his stores. This ensures an unparalleled living experience for the project’s residents and visitors. In addition, the project will provide 182 berths for yachts and boats and a 3,200 square meter marina clubhouse offering entertainment activities and marine programs, which will have a significant impact on the development of the Kingdom’s tourism sector.
The project will be a prime destination for permanent and temporary residences, offering 274 luxury freehold units in addition to 304 deluxe hotel rooms and 1,769 underground parking spaces within the development. All of which will be built over an estimated total area of 1,769 units. The area is 256,000 square meters, and the investment amount is BD200 million.
On this occasion, Sheikh Khalid bin Abdullah Al Khalifa said that the east coast region will take a qualitative leap forward with the planned completion of the “Bahrain Marina” project along with other existing projects in the middle of the Arabian Gulf. He said that he would be able to accomplish this. Collectively they form an architectural icon and an urban façade, forming a new character for the capital city of Manama.
He also noted that the Bahrain government is committed to expanding the scope of its partnerships with private sector institutions. This is because it is the main development driver that provides more pioneering and innovative initiatives, ensuring the sustainability of infrastructure and creating promising opportunities in jobs and investments for its citizens. In line with Bahrain’s Economic Vision 2030, strive to stimulate tourism movement and showcase the Kingdom as a global hub and tourism destination.
Khaled Mohamed Yusuf Najibi, Chairman of the Bahrain Marina Development Company, said on the side that the Bahrain Marina project, once completed, will provide residents and visitors with a unique lifestyle and become an important destination in the region. said it would be.
The project’s groundbreaking ceremony also marks a milestone in the national development plan, underscoring the Kingdom of Bahrain’s ability to attract value-added investment projects and contribute to strengthening its position as a pioneering nation with outstanding development expertise.
Source: AETOSWire
View source version on businesswire.com: https://www.businesswire.com/news/home/20231121589749/en/
Contact: Hussain M. Alaswad
husain@bernaysmedia.com
Keywords: Middle East Bahrain
Industry Keywords: Commercial Buildings, Real Estate Construction, Real Estate Accommodation Travel Maritime Tourist Attractions
Source: Bahrain Marina
Copyright Business Wire 2023.
Pub: 2023/11/22 01:00 AM/Disc: 2023/11/22 12:58 AM
http://www.businesswire.com/news/home/20231121589749/ja
Copyright Business Wire 2023.