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Bahrain Real Estate and Large Projects.
The first in the Gulf to discover oil, the Kingdom was also the first to
think about a post-oil future.
Bahrain invested in people, creating the best education system in the region
and a highly skilled workforce. The Kingdom invested in new economic sectors and
in its infrastructure. In roads, in power, in water, in telecoms and in IT that
will meet demands in 20 years' time, not just today.
Now Bahrain is investing in world-class projects. Across the island, major
new developments are catching the imagination of Bahrainis and of the world.
Bahrain Real Estate
Bahrain Financial Harbour
A master-planned integrated financial community on prime seafront property
in Manama, with a diverse range of commercial, residential and leisure
components, Bahrain Financial Harbour has been designed to address every
single need of the financial services sector. It will have 30 individual
development units, spreading over 380,000mē of reclaimed land, offering
office, residential, retail, dining and leisure space.
- Cost: BD 565.4 million, US 1.5 billion
- Size (square metre): 380,000
- Location: Northern coastline
- Investor: Gulf Finance House (GFH)
- Type of Development: Commercial, residential and leisure
- Completion Date: 2009
- Tel: +973 17 576 000
- Email: info@bfharbour.com
- Website: http://www.bfharbour.com/
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World Trade Centre
The Bahrain World Trade Centre is a symbol of achievement and a reflection
of momentum behind the region’s fast growing economy.
Its innovative design combines the essential elements of lifestyle and
business to create a powerful emblem of aspiration and accomplishment. The
Bahrain World Trade Centre is more than its landmark commercial towers; it
also offers amenities such as an exceptional shopping and dining environment,
a five star hotel and sophisticated office accommodation.
- Cost: BHD 30 million US $ 9.6 million
- Size (square metre): 120,961
- Location: Northern coastline
- Type of Development: Retail, accommodation, office space
- Completion Date: - Q3 2007
- Tel: +973 17 540 330
- Email: info@bahrainwtc.com
- Website: http://www.bahrainwtc.com/
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Bahrain Bay
Bahrain Bay is a unique waterfront district that will serve as a new
benchmark for Bahrain. A carefully conceived neighbourhood, Bahrain Bay will
be home to the Kingdom’s only Four Seasons Hotel and Arcapita’s new
corporate headquarters. With a passion and focus on creating a world-class,
contemporary addition to the country, Bahrain Bay will raise the standards of
residential, commercial and retail offerings to become an exciting new
community on the waterfront.
- Cost: BHD 560 million US $ 1.5 billion
- Size (square metre): 1.1 million
- Location: North East coast of Manama
- Investor: Arcapita
- Type of Development: Residential, retail and commercial
- Completion Date: 2010
- Tel: +973 17 505 555
- Email: info@bahrainbay.com
- Website: http://www.bahrainbay.com/
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Amwaj Islands
Amwaj Islands is a wonderful new waterside development encompassing 30
million square feet of the Kingdom of Bahrain.
First conceived in 2001, and now nearing completion, Amwaj will be a
modern, fully functional neighbourhood which already features a diverse range
of high-rise apartments, lofts, studios and villas together with an island
dedicated to learning and state-of-the-art communications and utilities.
- Cost: BHD 380 million USD 1 billion
- Size (square metre): 30 million
- Location: Muharraq
- Investor: Ossis Property Developers
- Type of Development: Commercial, residential, leisure, hotels &
tourism
- Completion Date: Aug 2007
- Tel: +973 16 033 100
- Email: info@amwaj-islands.com
- Website: http://www.amwaj-islands.com/
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Reef Island
Reef Island, at the heart of Manama, is one of the pioneering real estate
development projects in Bahrain. This man made island is conceived and styled
along a fusion of contemporary designs following traditional patterns.
Reef Island is being developed by the Lulu Tourism Company, which was
established in March 2002 as a result of a joint venture between the
Government of Bahrain and the Mouawad Group Inc. It includes 39 residential
buildings with a total of 1217 apartments, a residential Icon Tower, 49
stylish chalets, and 67 luxurious individual villas all overlooking private
lagoons. It will also have its own private Marina & Yacht Club, Spa
Village, an aquarium, a medical centre, shopping mall and a multi-function
exhibition centre, as well as a five star 300-room hotel with 42 serviced
apartments, restaurants, gym and shopping arcades.
- Cost: BHD 280 million USD $740 million
- Size (square metre): 563,000
- Location: City centre
- Investor: Bahrain Government & Mouawad Group Inc
- Type of Development: Leisure, business
- Completion Date: 1st phase - early 2009; 2nd phase - end 2010
- Tel: +973 17 562 814
- Email: inquiries@reefisland.com
- Website: http://www.reef-island.com/
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Durrat Al Bahrain
Durrat Al Bahrain is named after the most perfect pearl and sets out to be
a model city resort of life as it should be in the 21st century. The character
and design of Durrat Al Bahrain reflects the highest quality of design
principles and will set a new standard for urban development in the Kingdom.
This 20 square kilometre seaside city resort, located on the south coast of
Bahrain, will include 13 different islands with over 2,000 villas, more than
3,000 apartments, luxury hotels, restaurants, promenades, shopping centres,
spas, a planned marina, and a proposed golf course among its many sports
facilities.
- Cost: BHD 1.13 billion USD $3 billion
- Size (square metre): 20 million
- Location: Southern tip of the island
- Investor: Bahrain Government & Kuwait Finance House (KFH)
- Type of Development: Residential, commercial, leisure & tourist
- Completion Date: 2009
- Website: http://www.durratbahrain.com/
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 Riffa
Views
The first of its kind in Bahrain, Riffa Views is an exceptional
master-planned community. Featuring 900 top quality designed and built homes,
woven around a new PGA championship golf course, it also offers a wealth of
activities, from golf to walking and jogging trails.
The development laces three neighbourhood clusters together with extensive
landscaping that combines arid desert scenes with emerald parklands and
lagoons, while almost all of its homes enjoy open views of the golf fairways.
- Cost: BHD 113 million USD $ 300 million
- Size (square metre): 7 million
- Location: Riffa
- Investor: Arcapita, Bahrain International Golf Course Company (BIGCC)
- Type of Development: Residential, leisure
- Completion Date: 2008
- Tel: +973 17 757 999
- Email: info@riffaviews.com
- Website: http://www.riffaviews.com/
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 Marina
West
Marina West is Bahrain's first beachfront residential and lifestyle
community to be set in the tranquil and idyllic surroundings of the Kingdom's
west coast. The development will comprise 11 residential towers that will
encircle a 75,000 square-metre gated community. It will boast a fully
comprehensive range of lifestyle and leisure facilities and more than 1,280
luxurious 1, 2, 3 and 4 bedroom apartments, duplexes, simplexes, penthouse
suites and townhouses.
High quality retail, leisure and lifestyle attractions will include a
130-metre long stretch of private beach, marina, boat jetty mooring
facilities, a spa and health club, children's playground, cafes and
restaurants, supermarket and medical centre.
- Cost: USD $319 million; BHD 120.2 million
- Size (square metre): 345,000
- Location: West coast - Budaiya
- Investor: AAJ Holdings
- Type of Development: Residential, retail, leisure
- Tel: +973 17 690 808
- Email: info@marina-west.com
- Website: http://www.marina-west.com/
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 Abraj
Al Lulu
Located in the Seef District of Manama, Abraj Al Lulu (Lulu Towers) is a
freehold apartment development. It has two 50-storey towers and one 40-storey
tower packed with all the amenities you could possibly want and close to
every-thing you need.
Between them the three towers house over 860 one, two, three and
four-bedroom apartments, 12 Villas in the Sky and a full complement of sports
and recreational facilities. Outdoor facilities range from exclusive tennis
and basketball courts to an open air pool, terraces, landscaped play area,
rock garden and waterfalls as well as health and fitness centres and a
generous allocation of space for parking.
- Cost: BD100 million
- Size (square metre): 186,000
- Location: Manama
- Investor: Pearl Development and Real Estate Company (PDREC)
- Type of Development: Residential, leisure
- Completion Date: 2008
- Tel: +973 17 587 575
- Email: info@abrajallulu.com
- Website: http://www.abrajallulu.com/
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Leisure, tourism and retail
Bahrain International Circuit
The Bahrain International Circuit is one of the world's premier motorsport
facilities. Its multifaceted facility includes many hospitality lounges that
are designed to hold a wide selection of corporate and social entertainment.
The striking Sakhir Tower, now an iconic landmark, encompasses some of the
most beautiful lounges and the most amazing views in the Kingdom. With its
prime location, the tower gives spectators a bird's eye view of the entire
circuit. The executive boxes, which are located directly on top of the main
grand stand, give an incomparable view of the Formula One pits and the paddock
club.
- Cost: USD $ 150 million BHD 56.2 million
- Location: Sakhir
- Investor: Government of Bahrain
- Type of Development: racing circuit
- Completion Date: completed
- Tel: +973 17 450 000
- Email: info@bic.com.bh
- Website: http://www.bahraingp.com.bh/
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 Al
Areen Resort & Spa
The unique Al Areen development is adjacent to the Bahrain International
Circuit and the Al Areen Wildlife Sanctuary. It offers an opportunity to
experience the legacy of the country's rich and varied history, while
maintaining the comfort and convenience of modern living.
The mission of the development project is to transform its distinctive
desert location area into a diversified range of health, residential,
hospitality and entertainment components. Major components of the development
include: the Banyan Tree Desert Spa and Resort - the only all-villa private
pool resort in the Arabian Gulf and one of the Middle East’s most luxurious
hideaways; 'The Lost Paradise of Dilmun' Water Park; Hotel Al Areen; Al Waha
Resort; Oryx Hills; Downtown Al Areen; Sarab Al Areen; and a number of
residential villages, entertainment and recreational facilities.
- Cost: BHD 280 million US $ 750 million
- Size (square metre): 2 million
- Location: Sakhir
- Investor: Gulf Finance House (GFH)
- Type of Development: Commercial, residential, retail, recreation, health
& medical
- Completion Date: 2008
- Tel: +973 17 838 666
- Email: info@alareenresort.com
- Website: http://www.alareenresort.com/
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Bahrain City Centre
Located in the heart of Manama on Sheikh Khalifa Bin Salman Road, Bahrain
City Centre will be the largest leisure and shopping mall in the Kingdom.
At 140,000 square metres and with provision for over 300 stores, Bahrain
City Centre will offer two multi-level international department stores, the
largest indoor water park in the region, a 5,000 square metre Magic Planet and
the largest cinema in the Middle East - with 20-screens. The three-level
shopping and leisure centre will have over 350 stores in total, offering the
best in fashion and entertainment choices including a 16,600 square meter
Carrefour hypermarket - the first in Bahrain. It will also be home to many
international and exclusive brands such as SAKS 5th Avenue, H&M, Aizone,
Debenhams, Centre Point, Home Centre, Paris Gallery, Zara, Mango, Massimo
Dutti, and other leading fashion brands.
Bahrain City Centre will also incorporate two international hotels with a
total of 700 rooms combined offering 5-star amenities.
- Cost: USD $ 531 million
- Size (square metre): 140,000
- Location: Al Seef District, Manama
- Investor: Majid Al Futaim Group
- Type of Development: Commercial, retail, leisure
- Completion Date: 2008
- Tel: +971 4 409 9212
- Website: http://www.majidalfuttaim.com/
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Al Jazair Beach
The Al Jazair beach project involves the creation of a world-class leisure
and family tourism facility for the public. The development will be located in
the area adjoining the Al Jazair beach in the South-West of Bahrain. Destined
to become one of Bahrain's finest entertainment beachfronts, Al Jazair Beach
will include a boardwalk, restaurants, and other family recreation and
entertainment facilities that will transform the existing public beach into a
major tourist attraction for people of all ages.
The project, estimated at a cost of US $800 million, is an Ithmaar Bank
initiative and will be implemented in partnership with the Economic
Development Board (EDB).
- Cost: BHD 800 million
- Location: South-West coast of Bahrain
- Investor: Ithmaar Bank, in cooperation with EDB
- Type of Development: Tourism, leisure
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Infrastructure
Shaikh Khalifa Bin Salman Port
Bahrain's new Sheikh Khalifa Bin Salman Port in Hidd will replace the Mina
Salman Port as the Kingdom's leading port, and will serve as a major drop site
for incoming cargo to the Gulf region. The new port is expected to begin
operations by the end of 2008.
The port has been designed with efficiency in mind and will cover an area
of 900,000 square metres, though that figure could grow. The port also boasts
an 18-meter deep berth, able to accommodate the world's largest container
vessels.
With its proximity to the airport and the Hidd industrial area, as well as
the easy access to Saudi Arabia via the King Fahd Causeway, the new port is
well-placed to make Bahrain a major shipping hub and a gateway to other parts
of the Gulf.
- Size (square metre): 1,800 metre quay wall, 15m depth
- Location: Hidd
- Investor: Bahrain Government
- Type of Development: Sea port and logistics zone
- Completion Date: 2008
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 Bahrain
International Airport
Bahrain International Airport is a key hub airport in the region, providing
a gateway to the Northern Gulf. Gulf Air provides 52% of the airport's overall
movements and operates 377 weekly international services. Thirty-five other
international airlines including British Airways, Cathay Pacific, KLM and
Lufthansa operate a total of 349 services per week to a total of 52
destinations.
The airport terminal includes two new high tech lounges (completed in
2005), equipped with the latest wi-fi technology permitting free internet
access. The new arrivals immigration facilities and streamlined processing now
enable large numbers of visitors to be handled without delay or congestion.
Top quality duty free shopping is available both on arrival and in the
award-winning shopping mall in the departure lounge.
Future plans include a major US$ 350m expansion of the terminal building to
the east to provide eight additional air bridges and more aircraft parking
stands, raising the airport capacity initially to 15 million per annum by
2015, with provision for a second phase expansion increasing capacity to 22
million by 2020.
- Cost: USD$ 350 million (for expansion of terminal building)
- Location: Muharraq
- Investor: Bahrain Government
- Type of Development: Logistics, Infrastructure
- Completion Date: 2015 for first phase
- Tel: +973 17 321 095
- Email: marketing@caa.gov.bh
- Website: http://www.bahrainairport.com/
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Bahrain-Qatar Causeway
In 2006, a deal was signed between Bahrain and Qatar to construct the
'Friendship Causeway' - a 40 km-long, double-lane bridge connecting the two
Gulf nations. When finished, it will be the longest fixed link causeway in the
world.
The causeway will spark a new era of cooperation and friendship through
improved economic activity and increased tourism between Bahrain and Qatar.
Feasibility studies are complete and approved with construction expected to
last five years.
The causeway will start near Manama and make its way along Bahrain's
eastern coast out over Gulf waters and ending at Ras Ashiraj, Qatar. It will
be a natural extension of the King Fahd Causeway that connects Bahrain and
Saudi Arabia, thus linking the entire region.
The Friendship Causeway is part of a broad initiative of infrastructure
improvements being planned and commissioned by the Bahraini government to
solidify the Kingdom's place as the 'Gateway to the Gulf'.
- Cost: USD $3 billion
- Size: 40 km long
- Location: East coast of Bahrain and West coast of Qatar
- Investor: Bahrain and Qatar governments
- Type of Development: Logistics, infrastructure
- Completion Date: 2012
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Northern City
The massive Northern City development is currently being constructed on the
north coast of the Kingdom. Land reclamation work began in 2006. The two-phase
development will provide 18,000 housing units, with associated infrastructure
such as schools, health centres, etc, catering for 75,000 citizens. The
estimated cost is BHD 1 billion.
- Cost: BHD1 billion
- Size (square metres): 1.65 million
- Location: Northern coast
- Investor: Bahrain Government
- Type of Development: Residential
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Business and industry
Bahrain International Investment Park
The Bahrain International Investment Park provides a unique opportunity for
businesses looking to invest in manufacturing and international services in
the Middle East. The park offers unique incentives for those looking for an
overseas investment opportunity, including: 100% foreign ownership of
companies; 0% tax with a ten-year guarantee; special customs services; no
recruitment restrictions; and dedicated assistance with all corporate and
human resource formalities.
Quality facilities, offices and factory units are offered with long leases
and competitive land rentals in an environment that is professionally zoned,
landscaped and managed.
- Size (square metre): 2.5 million
- Location: Hidd
- Investor: Bahrain Government & Ministry of Industry & Commerce
- Type of Development: Industrial
- Completion Date: Completed
- Tel: +973 17 467 373
- Email: admin@biip.com.bh
- Website: http://www.biip.com.bh/
 Bahrain
Investment Wharf
In January 2006, Tameer set about establishing Bahrain Investment Wharf (BIW),
putting the Kingdom of Bahrain on the map as a destination for investors and
their business needs. It will have dedicated zones, including an industrial
park (logistics and warehousing), an accommodation park, a business park, plus
areas for associated services.
BIW is set to help create job opportunities within Bahrain and inject
immense capital into the local economy, while attracting foreign investment,
and enhancing Bahrain's reputation on the world stage. BIW also aims to create
opportunities in supporting services and industries such as finance, tourism,
construction, trade, health and education.
- Size (square metre): 1.7 million
- Location: Hidd
- Investor: Tameer
- Type of Development: Industrial, residential, business
- Tel: +973 17 468 500
- Email: info@bahiw.com
- Website: http://www.bahiw.com/
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