MANAMA’S ever-changing skyline is set to get an upgrade over the next 12 months as more work commences on the $2.5 billion Bahrain Bay development.
Centred around the landmark Four Seasons Hotel Bahrain Bay that opened its doors in March, the huge 10-year-old project is braced to welcome several new additions over the course of 2016.
First will be Al Baraka Banking Group, one of the world’s largest Islamic banking and financial services organisations, which will move into its new Middle East headquarters in Bahrain Bay at the beginning of the year.
Then, the eye-catching, twisting 47-storey United Tower, from real estate developer Investment House, is expected to open by the middle of 2016 housing the five-star Wyndham Grand Manama Hotel alongside office space.
Work is also set to start on a new hotel from Marriot, multinational insurance firm AXA’s new regional headquarters and the 290,000 square metre “Bay City” development, which will combine residential, commercial and retail space.
Elsewhere, construction will continue on Bin Faqeeh Real Estate Investment Company’s 15,000sqm “Water Bay” project and its three blocks of flats while the twin-towered WAFRA residential project is also planned on a plot of land east of United Tower.
Bahrain Bay development chief executive Gagan Suri said the efforts of the last 10 years were starting to show results. “We’re delighted with the current pace of development at Bahrain Bay,” he said.
“We’re happy to say that most projects are being developed ahead of the planned schedule - 2016 looks to be an exciting year for us as we see many investors complete their developments and others begin construction.
“We are certain that the strategic partnerships Bahrain Bay has formed with the various local and international investors will deliver long-lasting results for all.
“The ongoing progress strengthens Bahrain Bay’s position as a major investment hub, adding significant value to the community and the future of Bahrain as a whole.”
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