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Old Posted Aug 5, 2006, 4:17 PM
Slugbelch Slugbelch is offline
Join Date: Jan 2006
Location: Ft. Lauderdale
Posts: 2,442
Bahrain Bay:

Another Bahraini project that is destined to have a major impact on the local (and regional) economy is Bahrain Bay,
a $1.5 billion urban development based in the kingdom’s capital, Manama. Incorporating commercial, residential and retail space set around
the Manama waterfront, the project will include Bahrain’s first Four Seasons hotel and will be also home to Arcapita’s new global headquarters.

Turner Construction is the project manager for the Bahrain Bay master plan, while Atkins is the lead consultant.
The project will be executed in three phases, with phase one involving a 430,000m2 land reclamation,
which was started by Boskalis a few months ago.

Contracts for the building works and infrastructure packages are due to be awarded shortly.
Upon final completion — expected in December 2010 — the total built-up area of Bahrain Bay will be over 1.1 million m2 and will transform
the kingdom into a regional centre for banking and finance. “There are many aspects that make Bahrain Bay a particularly attractive
opportunity,” says Atif Abdulmalik, CEO, Arcapita. “The demographic changes within Bahrain, its proximity to the rapidly growing
Eastern Province of Saudi Arabia and the location within Manama’s prime northern corridor make this a compelling project.

“Then there is the early commitment of the Four Seasons Hotels and Resorts, and the innovative architectural design
and the experience and track record of each of the companies involved in the development; combined, they make this a unique proposition.”

Last edited by Slugbelch; Aug 5, 2006 at 4:24 PM.
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