Bahrain’s sovereign wealth fund Mumtalakat’s real estate arm Edamah and Bahrain Car Parks Company (Amakin) announced the launch of the second phase of the Saada Waterfront project in Muharraq.
The expansion complements the existing waterfront development, aiming to bridge Muharraq Suq with the waterfront area. This connection aims to celebrate the historical and cultural ties of the Bahraini community to its maritime heritage, establishing the area as a prominent tourist destination.
Located across the highway from the first phase, the project will include a pedestrian bridge for seamless integration. This integration will blend modern amenities with historically significant sites.
The development aligns with the ongoing beautification of Shaikh Hamad Highway overseen by the Bahrain Authority for Culture and Antiquities. This collaboration aims to bolster accessible infrastructure within the flourishing historical district.
Edamah chief executive Chris Calvert highlighted the importance of public-private partnerships (PPPs) in developing projects that contribute to environmental sustainability and economic growth.
“The second phase of the Saada project is strategically positioned at the heart of the historic Muharraq Suq,” Mr Calvert said.
“This collaborative effort with the private sector infuses the project with a unique character. This partnership further underscores our commitment to working together to achieve shared goals and aspirations.”
Amakin chief executive Tariq Ali Aljowder expressed his enthusiasm about collaborating on this “vital and strategic project.”
He said Amakin’s expertise “will contribute to the ongoing development of Muharraq City” as part of their portfolio encompassing key projects like the first phase of Saada and the Pearling Path Project.
The second phase will encompass a total built-up area of 20,680sqm and feature a diverse range of offerings, including dining, retail and entertainment options alongside commercial spaces, office areas, and a parking facility accommodating more than 400 vehicles.
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