A POPULAR market in the Southern Governorate is set to be turned into a state-of-the-art shopping complex.
Amlak, the real estate investment arm and a wholly-owned subsidiary of the Social Insurance Organisation (SIO), plans to transform the existing Suq Al Buhair into a modern “mixed-use market”.
Details of the project were made during a signing ceremony held at Amlak’s headquarters in Bahrain Bay with Al Hedaya Contracting.
Present were Amlak chief executive Mohammed Al Kooheji and Sayed Jawad Al Alawi from the contracting firm.
Suq Al Buhair, located in East Riffa, is of close proximity to a number of commercial and residential areas along with educational and medical businesses.
The renovated suq will include 30 retail units and will be ready by the middle of next year.
“We are pleased to appoint Al Hedaya Contracting as project developer as it has a wealth of experience and knowledge in construction and urban development and we are looking forward to the development of this robust project,” said Amlak chairman Abdulrahim Fakhro.
“The vision behind the project is to create a mixed-use, attractive, economically successful and vibrant suq that can service the needs of the
community.
“We aim to re-develop or maintain all the suqs under the real estate portfolio of the SIO and we currently have 12 suqs under our umbrella and a thorough study is in place to further understand the development criteria of each market on the footsteps of Buhair,” he added.
Among Amlak’s new projects is ‘The 66’, a six-storey residential building located in Umm Al Hassam that includes fully-furnished apartments along with well-equipped recreational floor.
Work on this project will commence by December.
Another project is the construction of ‘Mirage Palms’, a residential compound in Janabiya accommodating 30 residential units. Work will begin early 2017.
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