Manara project in demand
01 June 2017
Manara Developments Company, a Bahrain-based real estate company, reports keen interest from prospective buyers and investors for the first phase of its ambitious ‘Investment Gateway - Bahrain’ project which will come up on a 600,000-sq-m area.
This will be followed by Phase Two which will take shape on a much bigger area than the first phase and scheduled for delivery by 2018.
The Bahraini developer reveals that so far it has received 70 building requests from the land owners for 34 suggested construction models, with an estimated $37 million in investment.
“Phase One of the Investment Gateway – Bahrain project is witnessing a boom, as many owners are starting to plan or to build their investment projects in the pre-owned plots,” states Dr Hasan Al Bastaki, the managing director of Manara Developments Company.
“The company provides all the necessary facilities and support to the owners and investors, aiming to create a modern integrated investment, commercial and light industrial area,” adds Dr Al Bastaki.
According to him, the completion of the infrastructure on the first phase of the project will ensure that the entrepreneurs and the landowners start preparing for their projects, in order to establish their exhibition showrooms, store offices, workshops and others
The start of works at the intersection on the main street leading directly to the Investment Gateway – Bahrain has helped boost investment for the project. This intersection facilitates movement from and to the project,” he notes.
Manara is also working on its Workshops – Investment Gateway Bahrain project, which comprises five three-storey buildings which will house showrooms, services workshops and labour accommodation.
There is a plan to complete a few buildings shortly.
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