Dr. Al-Bastaki also added; an in-depth study of the commercial and industrial sectors’ needs and the current available industrial zones has enabled us to better provide comprehensive solutions in phase one of the project, which led us to attract a great deal of high-end establishments operating in both regional and international markets alike.

A number of well-established companies such as Ebrahim Khalil Kanoo, Ceramic Delmon, Y. K. Al-Moayyed Sons, Montreal Motors, Trafco Group and Bahrain Limo, and establishments have participated and purchased allocated plots to operate and expand their businesses with Investment Gateway-Bahrain.

On that note, Managing Director, Dr. Hasan Al-Bastaki revealed upcoming plans to release the second phase of sales in the Investment Gateway-Bahrain (IGB) project after achieving the great success witnessed in phase one thanks to the great caliber of participating establishments, and a lineup of interested buyers seeking full-fledged solutions for storage and logistics purposes as offered by the initiative.

A sales office was set up last June to provide interested investors with the necessary information needed to own land at the Investment Gateway-Bahrain project, of which delivered great promotional value and helped sell the first land parcels of phase one of the project.

He emphasized that “Investment-Gateway-Bahrain”, is the first light industrial project in Muharraq province that enables the investor to obtain ownership of the land with the ownership certificate in hand. Those properties are not subject to a limited period lease, as is the case with other industrial areas of the Muharraq Governorate. Moreover the owner has the choice to best utilize the property in whatever way is seen suitable to the land and the purpose of the investment.

The locations offer the capacity to serve as offices, showrooms, storage facilities, handling services, and sales offices, all of which aid in the economic activity in the Kingdom of Bahrain in general and Muharraq Governorate in particular.

An important feature that “Manara” emphasized to distinguish its properties from other industrial locations is its flexibility to sub-developers that are looking to own in this estate, as the property boundaries are flexible to better suit their current and future needs.

Amongst “Investment Gateway-Bahrain” distinguishing factors is that its properties are sold rather than leased for a limited period as sub-developers are granted the luxury to invest on a permanent basis as opposed to temporary investments on leased properties that would potentially be abandoned at the end of the investment period.

-Ends-

About Manara Developments Company B.S.C. (Closed)
Manara Developments Company BSC (Closed) is a Bahrain-based real estate development company with a diverse project portfolio. Manara is determined to bring new insights, a fresh perspective and an all considered approach to real estate development in the Middle East market.

Manara Developments is driven by a core desire to become one of the top regional real estate developers by delivering a distinct portfolio of projects that are sensitive to their surroundings and leave a positive imprint on the community which houses them, from a social, economic and environmental perspective. Wherever possible, the Company will source national resources and will deploy the latest in design, construction and environmental technologies to help deliver socially-aware projects synonymous with quality, sustainability, value-for-money and on-time delivery.

The company’s mission is guided by a sincere, humanistic ‘All Considered’ philosophy stemming from a deep-rooted sense of social responsibility – to develop conscientiously with the best interests of the community in mind and strive to deliver.

For more information, please contact:
Mr. Nawaf Ali Alghanim
Manager – Marketing and Corporate Communications
Mobile : +973 39 820 121
Tele: +973 17 518 667
Fax: +973 17 131 074
Email: n.alghanim@manara.bh

© Press Release 2013

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