Manama: Riffa Views has announced the completion of preparations by all parties involved in the final phase of Riffa Views residential community project in the Southern Governorate, and the launch of villa sales at Parks District.

Riffa Views managing director Yasser Abdulrahman Al Raee thanked the National Bank of Bahrain (NBB) for its strong support of project completion efforts. 

He also praised NBB chief executive and director Abdul Razak Al Qassim who helped secure this agreement.

“The plan which was drawn up by Riffa Views, in co-ordination with NBB and other stakeholders, provides for partial repayment to creditors over the coming period, and reflects the active participation by NBB, as the sole secured creditor, and the self funding contributed by contractors in charge of completion of a total of 212 villas at the Parks District, namely Poulliades Construction Company (61 villas), Projects Construction Company (78 villas) and Cyprus Cybarco Tabet JV (73 villas), under the supervision of consulting engineers Adel Ahmadi Associates,” he added. 

Mr Al Qassim expressed NBB’s satisfaction with the steps taken by Riffa Views to complete the construction of project villas, and stated that “NBB is committed to provide support and mitigate risks to the owners of this vital project, which represents a model for all similar real estate projects in Bahrain”. 

Riffa Views is the first gated residential community in Bahrain, comprising 1,056 villas, built around a golf course. 

It combines many essential elements for success including its strategic location, vast landscaped areas and service, retail, recreational and entertainment facilities, such as the Royal Golf Club, the Royal Country Club, Riffa Views International School, JC’s Tennis Academy, Riffa Views Football Academy and Riffa Palms shopping mall which houses retail outlets and a number of
restaurants.