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$1.3bn Reef Island work on schedule

Manama, October 1, 2007

Infrastructure work on the BD470 million ($1.3 billion) Reef Island luxury residential project in Bahrain is on schedule for completion in February next year.

This includes BD15 million work on roads, electricity grids, water supply, sanitation and drainage systems and telecommunications that were initiated in August, say developers.

"All building materials used were carefully selected to suit the environment and climate in general," said project manager Waleed Hayek.

"This is based on numerous studies to ensure the highest quality and durability of the project units, while respecting the environment and maintaining the aesthetic aspect of the project.

"Necessary architectural and engineering studies and designs were also being carried out alongside land acquisition, reclamation and various marine works.

"We are happy to bring forth such a unique modern and luxurious project that offers quality designs inspired by a blend of Asian, Middle Eastern and European architecture."

Hayek said over 30 per cent of the project had been sold to Bahraini customers, followed by other GCC investors.

"We take pride in announcing that 31 per cent of the project was purchased by Bahraini citizens followed by other GCC citizens, mainly Saudis," he said.

"Reef Island is 100 per cent residential, thus offers its occupants a unique lifestyle.

"All the buildings on the island are low-rise ones, except for the Icon tower, the island's landmark.

"Those buildings cover less than 40 per cent of the total land area, thus providing a distinctive environment with lots of green areas and public parks."

Upon completion, the 6.23m sqft residential project will feature 65 villas, 39 residential buildings, 49 beach villas, a shopping complex, a medical centre, a yacht club and a five-star hotel and spa.

It will be completed in two phases aimed at wrap-ups in early 2009 and at the end of 2010, respectively. -TradeArabia News Service




Tags: Bahrain | Reef Island |

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