A leading real estate development company, Manara Development has started work on Phase Two of Invesment Gateway-Bahrain.
Investment Gateway Bahrain is the largest light industrial project available for freehold ownership in the kingdom with an area of 29 million square feet for the first and second phases together.
According to a news in Trade Arabia, Amar 1 Real Estate Invesment Company is the owner of the Invesment Gateway Bahrain.The real estate invesment company is set to invest BD100 million for the implementation of Phase Two. Also, Manara Developments Company is the project development manager.
Manara Development said that Great Lakes Drake and Docks Company had been signed up to undertake the reclamation work for Phase Two of the project.
Dr Hasan Al Bastaki, the managing director of the company, said the success of Phase One and the increasing demand from investors made the company think of going to the second phase, which was planned in advance.
The scope of work includes the reclamation works, construction of the infrastructure, including the internal streets, electrical and water services and so on which makes the project attractive and ready for direct use by investors. Besides, the project will be completed Q2 2020.
Source: Trade Arabia
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