Bahraini Spirit
January 18th, 2005, 11:22 PM
Hi here is information about what's goin on in Bahrain's construction sector, am not sure of the costs included as they always change, enjoy:
While the kingdom by no means intends to match the breathtaking pace set by Dubai, it has hit headlines with mega projects such as the $1.5 billion Bahrain Financial Harbour and the $1 billion-plus Durrat Al Bahrain resort and the $1 billion Amwaj Islands. In the industrial sector, the completion of a $1.7 billion expansion currently under way at Aluminium Bahrain (Alba) will make it the largest smelter in the Middle East.
Also in the pipeline is a proposed $1.3 billion groundbreaking petrochemical/energy complex and a $1 billion desert horse-racing resort and further in the future, the $2 billion Bahrain-Qatar causeway.
According to Bahrain’s Municipalities and Agriculture Ministry licences for projects worth $3 billion are in the process of being granted. Among the larger projects on the anvil are the $150 million Pearl Towers, in Manama; $320 million City Centre project at Seef; $200 million Lulu Island along King Faisal Highway in Manama; and the $600 million Al Areen Desert Spa and Resort in the Southern Governorate.
Among the major infrastructure projects to be launched by the public sector is the $332 million expansion of Bahrain International Airport and the new Sitra bridges.
Last year, the kingdom considerably boosted its expenditure on key construction projects – the spending on infrastructure was budgeted at BD260 million in the first half of last year compared with BD136 million in 2003.
Hotels & leisure facilities
Dredging work has restarted on the $1 billion (BD378 million) Durrat Al Bahrain city resort. The 20 sq km project, which has been totally redesigned, now comprises 13 different islands, with about 2,000 villas, 2,000 apartments, luxury hotels, restaurants, marina, and an 18-hole golf course (see page 48).
Work on the Amwaj Islands is gathering momentum with the first hotel on the islands due to break ground within the next six months (see page 62).
Bahrain Wiggins is seeking investors for its estimated $1 billion Bahrain equestrian and horse racing club project which will also include a hotel, mall, villas and apartments (see page 59).
Among other developments with residential components is a golf resort around Riffa Golf Course and a beach resort complex in Budaiya.
The $300 million golf resort is to be developed by a joint venture between the First Islamic Investment Bank (FIIB) and the Bahrain International Golf Course Company. Some 500 villas are expected to be developed within a gated community, offering residents access to wide-ranging leisure facilities and amenities.
A A Janahi Holdings is to build the BD75 million beach resort in Budaiya over an area 800,000 sq m at Al Dafna Al Hamra. It will feature a luxury hotel, a large park, a marina for yachts, restaurants and around 1,000 furnished flats. Work on the project is expected to start this year for completion by 2007.
Plans have also been announced for a string of hotels and resorts facilities. Work on a BD21 million world-class beach hotel is to start in Zallaq shortly. The 160,000 sq m project, financed by a group of leading Gulf businessmen, is expected to be completed in two years. It will include a five-star deluxe hotel managed by an international chain and a world-class marina.
New executive apartment also managed by international chains are set to come up, notably the Marriott Executive Apartments (see page 64), while some existing hotels have already launched expansion plans involving such developments. Construction work is under way on a BD4 million block of serviced apartments within the Gulf Hotel complex. The project calls for the construction of a 15-storey building that will house 101 apartments. The new tower, with an overall area of 15,000 sq m, will be connected directly to the hotel, but it will also have its own outside entrance. Construction is expected to be completed by March 2006.
The Diplomat Radisson SAS has also launched work on a five-star 15-storey extension. Construction of the new 22,000 sq m hotel and serviced apartment extension is expected to be completed by the last quarter of this year. The expansion will double the built-up area of the hotel complex.
Other projects include a plan to turn Adhari Park into a major multi-purpose theme park.
The project, which would be built on a 165,319 sq m area, will have more than 70 per cent reserved as green area and will include a rollercoaster, water park, children’s play areas, a mini-golf course, bowling arena, a game arcade and dining areas.
A public park featuring restaurants, stores, a zoo, an amphitheatre and possibly a hotel could be opened by December 2006. The project being developed by the Municipalities and Agricultural Affairs Ministry cover an area of around 40 hectares in Al Hunayniyah valley between East and West Riffa. Local and regional investors have been invited to bid for the project.
Commercial/residential complexes
Phase I of the Bahrain Financial Harbour is well under way. The first phase includes the Financial Centre comprising the Financial Mall, the Dual Towers and the Harbour House (see page 53).
Work also got under way last August on the spectacular Bahrain World Trade Centre (BWTC) in Manama adjacent to the Sheraton Hotel. The local AA Nass with South Africa’s Murray & Roberts Contractors is building the $150 million twin-tower complex.
Construction work is expected to start shortly on Bahrain City Centre which is being developed by Al Futtaim Investments. The three-storey centre with a six-storey car-park will occupy an area of 450,000 sq m in Seef and is due for completion by the end of next year. The complex will include a 20-screen, 3,600-seat cinema complex – the largest of its kind in the region. The project also includes one five star hotel and a four-star hotel with a total of 600 rooms.
Meanwhile, work is under way on the new BD10 million Sitra Mall near Sitra bridge. The 46,838 sq m project is expected to be completed by April.
Among other developments, the Seef Mall is to be further expanded by one third of its current rental space under a two-year multi-million-dollar scheme. Hisham Abdulrahman Jaffer (HAJ) has the consultancy job.
While the kingdom by no means intends to match the breathtaking pace set by Dubai, it has hit headlines with mega projects such as the $1.5 billion Bahrain Financial Harbour and the $1 billion-plus Durrat Al Bahrain resort and the $1 billion Amwaj Islands. In the industrial sector, the completion of a $1.7 billion expansion currently under way at Aluminium Bahrain (Alba) will make it the largest smelter in the Middle East.
Also in the pipeline is a proposed $1.3 billion groundbreaking petrochemical/energy complex and a $1 billion desert horse-racing resort and further in the future, the $2 billion Bahrain-Qatar causeway.
According to Bahrain’s Municipalities and Agriculture Ministry licences for projects worth $3 billion are in the process of being granted. Among the larger projects on the anvil are the $150 million Pearl Towers, in Manama; $320 million City Centre project at Seef; $200 million Lulu Island along King Faisal Highway in Manama; and the $600 million Al Areen Desert Spa and Resort in the Southern Governorate.
Among the major infrastructure projects to be launched by the public sector is the $332 million expansion of Bahrain International Airport and the new Sitra bridges.
Last year, the kingdom considerably boosted its expenditure on key construction projects – the spending on infrastructure was budgeted at BD260 million in the first half of last year compared with BD136 million in 2003.
Hotels & leisure facilities
Dredging work has restarted on the $1 billion (BD378 million) Durrat Al Bahrain city resort. The 20 sq km project, which has been totally redesigned, now comprises 13 different islands, with about 2,000 villas, 2,000 apartments, luxury hotels, restaurants, marina, and an 18-hole golf course (see page 48).
Work on the Amwaj Islands is gathering momentum with the first hotel on the islands due to break ground within the next six months (see page 62).
Bahrain Wiggins is seeking investors for its estimated $1 billion Bahrain equestrian and horse racing club project which will also include a hotel, mall, villas and apartments (see page 59).
Among other developments with residential components is a golf resort around Riffa Golf Course and a beach resort complex in Budaiya.
The $300 million golf resort is to be developed by a joint venture between the First Islamic Investment Bank (FIIB) and the Bahrain International Golf Course Company. Some 500 villas are expected to be developed within a gated community, offering residents access to wide-ranging leisure facilities and amenities.
A A Janahi Holdings is to build the BD75 million beach resort in Budaiya over an area 800,000 sq m at Al Dafna Al Hamra. It will feature a luxury hotel, a large park, a marina for yachts, restaurants and around 1,000 furnished flats. Work on the project is expected to start this year for completion by 2007.
Plans have also been announced for a string of hotels and resorts facilities. Work on a BD21 million world-class beach hotel is to start in Zallaq shortly. The 160,000 sq m project, financed by a group of leading Gulf businessmen, is expected to be completed in two years. It will include a five-star deluxe hotel managed by an international chain and a world-class marina.
New executive apartment also managed by international chains are set to come up, notably the Marriott Executive Apartments (see page 64), while some existing hotels have already launched expansion plans involving such developments. Construction work is under way on a BD4 million block of serviced apartments within the Gulf Hotel complex. The project calls for the construction of a 15-storey building that will house 101 apartments. The new tower, with an overall area of 15,000 sq m, will be connected directly to the hotel, but it will also have its own outside entrance. Construction is expected to be completed by March 2006.
The Diplomat Radisson SAS has also launched work on a five-star 15-storey extension. Construction of the new 22,000 sq m hotel and serviced apartment extension is expected to be completed by the last quarter of this year. The expansion will double the built-up area of the hotel complex.
Other projects include a plan to turn Adhari Park into a major multi-purpose theme park.
The project, which would be built on a 165,319 sq m area, will have more than 70 per cent reserved as green area and will include a rollercoaster, water park, children’s play areas, a mini-golf course, bowling arena, a game arcade and dining areas.
A public park featuring restaurants, stores, a zoo, an amphitheatre and possibly a hotel could be opened by December 2006. The project being developed by the Municipalities and Agricultural Affairs Ministry cover an area of around 40 hectares in Al Hunayniyah valley between East and West Riffa. Local and regional investors have been invited to bid for the project.
Commercial/residential complexes
Phase I of the Bahrain Financial Harbour is well under way. The first phase includes the Financial Centre comprising the Financial Mall, the Dual Towers and the Harbour House (see page 53).
Work also got under way last August on the spectacular Bahrain World Trade Centre (BWTC) in Manama adjacent to the Sheraton Hotel. The local AA Nass with South Africa’s Murray & Roberts Contractors is building the $150 million twin-tower complex.
Construction work is expected to start shortly on Bahrain City Centre which is being developed by Al Futtaim Investments. The three-storey centre with a six-storey car-park will occupy an area of 450,000 sq m in Seef and is due for completion by the end of next year. The complex will include a 20-screen, 3,600-seat cinema complex – the largest of its kind in the region. The project also includes one five star hotel and a four-star hotel with a total of 600 rooms.
Meanwhile, work is under way on the new BD10 million Sitra Mall near Sitra bridge. The 46,838 sq m project is expected to be completed by April.
Among other developments, the Seef Mall is to be further expanded by one third of its current rental space under a two-year multi-million-dollar scheme. Hisham Abdulrahman Jaffer (HAJ) has the consultancy job.