May 17 2014
Construction Work for “Investment Gateway-Bahrain” to commence in September 2014.
Manama – Saturday 17 May 2014 – Manara Developments: Managing Director of the leading Bahrain-based real estate development company “Manara” Developments Dr. Hasan Al Bastaki announced that construction works for the infrastructure development of “Investment Gateway Bahrain” is scheduled to start in the third quarter of this year and to complete by the fourth quarter of 2016.
Dr. Al Bastaki pointed out that the scope of infrastructure works will include the internal transportation network, sewage system, electrical wiring, and the communication network in order to develop a modern and progressive infrastructure with potential for future developments and improvements. He stated: “We have planned the infrastructure of the “Investment Gateway Bahrain” project to provide the owners of the plots with an integrated suite of services to suit their current and future needs that may arise in the future thus ensuring that the infrastructure arrangements are in line with our ambitions to develop the area into an ultimate logistics and light industry hub offering complete solutions for both display and storage requirements while allowing for progressive improvements to the basic services provided”.
He also added that the Infrastructure Construction tender was issued among the best and largest specialized contractors in the Kingdom on 5th May 2014 on the spectrum to submit bids for the completion of the required works with the highest degree of efficiency, accuracy and commitment to the date of completion. It’s worth mentioning, that the specialized international company URS have designed the infrastructure for “Investment Gateway – Bahrain” project. URS International is one of the most prestige’s and specialized company in the UK with worldwide branches including the Kingdom of Bahrain. The company’s offered services includes Infrastructure, Maritime Environment, Roads and Traffic networks and engineering design for major governmental and private projects in the Kingdom.
Prior to the issuing of this tender, another tender have been issued on April, 13 2014 for the consultancy and design services for electricity sub-station of 66KV for the “Investment Gateway – Bahrain” project were the company is awaiting to receive the submission of the offers in order to award of the tender to the best bid offer. This will accelerates the process of finalizing the most important part of the infrastructure works, which is a big boost for the “Investment Gateway – Bahrain” project. The tender was issued amongst international specialized companies operating in the Kingdom of Bahrain.
He added that the overwhelming response received upon the launch of the plots offered in both phases of sales, of which have retained great success, led “Manara” to proceed with the necessary formalities and support to commence the infrastructure works without delays and subsequently soliciting bids and assigning contractors to commence works in line with the guidelines of which “Manara” adheres to thus ensuring successful completion within the pre-set timeframe.
He reiterated: “amongst the major pillars of which “Manara’s” reputation was built on was its strict adherence to delivery schedules and pre-set timelines in all of its development projects, alongside the quality of implementation”, adding that “this is what we strive for in such a project as “Investment Gateway – Bahrain” notwithstanding its unique features of which characterized it as an attractive project to the Kingdom’s most prominent establishments.
A number of well-established companies such as Ebrahim Khalil Kanoo, Yousif Khalil Al Moayyed Sons, Montreal Motors, Trafco Group, Ceramica Delmon and Bahrain Limo, in addition to Ramez Group, UCO Marine Constructing, Mohammed Ali Zainal Co. (Maza) have taken “Investment Gateway – Bahrain” as an operating base to expand their businesses.
Amongst “Investment Gateway – Bahrain’s” main distinctive features are its prime location within close proximity to the air and seaports of the Kingdom and Mina Salman and Mina Khalifa. In addition, “Investment Gateway – Bahrain” is an attractive property for investors as it offers great flexibility for long-term investment in line with their long-term strategic growth visions.
“Investment Gateway – Bahrain” is the first project dedicated to light industry and commercial activities in the Muharraq Governorate enabling the investor to obtain ownership of the land and is therefore not subject to a limited lease period, as is generally a main constraint in other industrial areas in 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 will have the capacity to serve as offices, showrooms, storage facilities, handling services, and sales offices, all of which are essential requirements to undergo a smooth business in the Kingdom of Bahrain and particularly Muharraq.
Finally, a major factor that distinguishes “Investment Gateway – Bahrain” from other industrial areas is its competitive pricing, of which “Manara” sought to provide a wide range of options on the offered lots at competitive prices to build demand towards this vibrant region and provide a promising platform for businesses in the Kingdom of Bahrain.
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 2014
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