Durrat Marina 'work on track'
Manama, May 10, 2009
The Durrat Marina management has announced that work was “on track” in all phases of the project within the planned time frame despite the economic slowdown.
“The project is in its final stages of the infrastructure design which is being done by the renowned Scott Wilson,” Durrat Marina, Bahrain’s leading mix use Marina development project, said in a statement.
“Reclamation works have ended, and we are in the final stages of edge treatment. Infrastructure tender should be placed for selecting construction companies by the year end,” it added.
Company officials said that despite the crisis, investors and the management of Durrat Marina were confident about their product.
'We are introducing a new life style and not just another real estate product. Every part of the project is being done by leaders in their fields.'
The marina, which is considered the heart of the project, is being designed by a renowned Marina engineering firm – New Design Architectural –a French company that has done several big marinas in the French Rivera.”
Durrat Marina recently hosted journalists from local newspaper and business magazines at the project location in the southern part of the Kingdom to update them with the recent developments in the project.
Attendees also discussed the latest trends in the sector in the aftermath of the financial crisis.
Company officials said they found visitors at recent regional shows more mature with their approaches, and have developed clearer visions to the sector – not only rushing to the barely-ripe benefits as they had been historically doing.-TradeArabia News Service