Emaar Middle East, the joint venture between Dubai-based Emmar Properties and Saudi Arabia's Al Oula, plans a residential project in Bahrain in partnership with a local company.

Ayedh Farhan Al Gahtani, president of Al Oula, declined to give further details of this project, saying only that "it will be done with a Bahraini partner".

The joint venture entity is also expected to build 12 residential units in various parts of Saudi Arabia. The residential units will be divided between the Eastern province, Riyadh and Jeddah which is experiencing a construction boom, a report said.

Responding to queries on Saudi law against foreign ownership affecting the company's projects in the kingdom, he said: "The Saudi Arabian real estate market is the biggest in the Middle East. It grows by 3.8 per cent annually, and almost 70 per cent of Saudis do not own homes."

great
they won't expand for fun
excited to see what they'll build here

ya, let's wait and see, the bahrain marina hehe. Let's just hope for a nice project like some of the ones in dubai but at a smaller scale.

This is great news , for both Bahrain and Emaar :) waiting to see what sort of projects are planned for bahrain

i hope emaar comes into qatar, we seriously need some company like emaar or nakheel to up the standerd of how our buildings and homes look like!

you know, I absolutely admire Mohammed Alabbar, he's like an idol to me, this guy knows how to make the most of what life offers you.