Market revamp a step closer
01 August 2014
BAHRAIN’S multi-million-dollar Manama Central Market revamp project could now get off the ground with investors stepping in to give the stalled scheme a new lease of life.
Three investors, which includes two Bahrainis, have come forward to rebuild the market as part of the first phase, with contracts expected to be signed this month, said Dr Juma Al Ka’abi, Municipalities and Urban Planning Affairs Minister.
The third investor has stepped in to build a hypermarket, he said.
Located at the former GCC (Pearl) Roundabout, the market was earmarked for a BD200-million ($530.5 million) redevelopment in August 2011, but a lack of investors meant the project stalled.
Original plans involved developing business, residential, shopping and leisure spaces with four 28-storey office and commercial towers, car park facilities, a five-star hotel, a heritage village and a park.
- Lusail LRT project work is on schedule
- Hill International secures Mall of Qatar contract
- Mace wins deal for cultural centre
- Key contracts awarded for Duqm workers facility
- Consortiums to extend bid bonds for Oman rail project
- Hochtief ViCon offers virtual solutions for BIM models
- Major projects to bolster Qatar construction sector
- ‘Green’ school work on target
- Online courses ‘can hone skills’
- Mega Middle East events to spur infrastructure spending
- RMD formwork meets Mall of Egypt challenges
- Update
- Bahrain builds oncology centre
- Napco plans major expansion
- US firm wins reclamation deal
- Market revamp a step closer
