Bahrain Bay to showcase achievements
Manama, October 4, 2010
Bahrain Bay Development, the $2.5 billion landmark waterfront community located off the north shore of Manama, is set to take part in Cityscape Global expo in Dubai.
Cityscape provides Bahrain Bay with an ideal platform to announce the development's ongoing progress as well as market the project's remaining available land parcels, said a top official.
To date 65 per cent of Bahrain Bay's land parcels have been sold and the project has a total of 13 developers on board.
'Cityscape Global is the region's most significant annual real estate exhibition,' Bahrain Bay chief executive Bob Vincent said.
'Each year it provides us with the opportunity to market the project to both regional and international investors. Last year we received an overwhelming amount of interest despite the tough economic environment,' he noted.
'I am looking forward to a similar response this year as we showcase Bahrain Bay's most recent achievements including the completion of site-wide infrastructure and the award of the contract to Chapo for the development of the offsite 220kV substation.'
'The end of last month also marks the 50th month of uninterrupted work on site, this achievement can be attributed to the efforts of the contractors, developers and the government.
Bahrain Bay offers a range of high quality development opportunities for developers and investors looking to participate in creating residential, commercial and retail offerings, remarked its deputy chief executive Abdulla Al Doseri.
'Bahrain's reputation as the most cost-effective operating base in the GCC and its growing reputation for ease of doing business has meant the country is increasingly becoming an attractive and cost-effective business location despite the still challenging environment,'
'Our aim at Cityscape is to advance and promote this position for Bahrain. The year 2010 marks our fifth year of participation at the event and I am in no doubt that this year will prove to be as successful as the last,' he added.-TradeArabia News Service