At a cost of more than USD530 million
Manama, Kingdom of Bahrain: The Manama-based "Bahrain Marina Development Company," the driving force behind “Bahrain Marina”, a remarkable project situated at the heart of Manama, has formalized an agreement appointing "Nass Contracting W.L.L.”, as the principal contractor responsible for project implementation. Simultaneously, "Mohamed Salahuddin Engineers & Architects (MSCEB)" will oversee the construction of the initial phase. This first phase of the project represents an investment of more than USD 244 million and contributes to the overall estimated project construction cost of USD 530,500,000.00.
The signing ceremony, hosted at the headquarters of the "Bahrain Marina Development Company," saw the presence of Mr. Khalid Mohamed Yusuf Najibi, Chairman of the Board of Directors, and Mr. Yusuf Abdellatif Al-Thawadi, Managing Director. Representing Nass Contracting was Mr. Sameer Nass, Chairman of the Board of Directors, and Shawqi Al-Hashemi, Nass Corporation CEO. Mr. Mohamed Salahuddin, Chairman of the Board of Directors, and Mr. Thamer Salahuddin, CEO, represented Mohamed Salahuddin Engineers & Architects (MSCEB) along with several senior officials from all participating parties.
Bahrain Marina Development Company has expressed its commitment to leveraging the extensive expertise of the renowned Nass Contracting in the construction sector and Haj Gulf Company, which was recently associated with the project due to its extensive experience in project management and quantity surveying.
Concurrently, Mohamed Salahuddin Engineers & Architects (MSCEB) will oversee the progress of this iconic project. The Bahrain Marina is poised to evolve into a prominent tourist destination within the Kingdom. Spanning an impressive 256,000 square meters and situated along Manama's eastern coastal strip, one of Bahrain's most prominent strategic locations. The plus points of the project contribute to its significance in playing an active role in the domestic economy and adding it to the future Bahraini tourism map and international lists dedicated to highlighting tourism countries with a pioneering approach.
Mr. Khalid Najibi, Chairman of the Board of Directors of the Bahrain Marina Development Company, affirmed that these concluded agreements signify a pivotal commencement for project construction. Their collective goal is to transform this coastal area into an unparalleled tourist, commercial, and residential enclave in Manama, the capital city. This development will offer a unique blend of living, shopping, scenic beaches, and diverse water sports activities. The comprehensive project scope encompasses a marina club building, a commercial complex, restaurants, and a multi-story tower featuring luxurious sea-view apartments. Mr. Najibi expressed his enthusiasm for the agreement, highlighting its paramount significance in light of the advanced capabilities of the project's implementing companies.
He highlighted that the esteemed "Bahrain Marina" development is poised to make substantial contributions. These contributions include bolstering the national tourism sector, aligning with generating direct and indirect employment opportunities, and fostering the development of the commercial and construction sectors. Additionally, it aligns with the broader goals outlined in the tourism strategy for the years 2022-2026.
Consequently, Mr. Sameer Nass, Chairman of the Board of Directors at Nass Group, expressed eagerness to collaborate with the Bahrain Marina Development Company, and aligning their experiences with Nass Group in executing the construction operations for this prominent tourist attraction. He noted that this project represents a significant addition to the Kingdom and will usher in an unparalleled comprehensive expansion. This aligns with Bahrain's overarching development plans and objectives, driven by ongoing efforts to provide vital tourist and commercial attractions. Such endeavours, in turn, contribute to the growth and enhancement of the national economy while increasing its competitiveness on regional and global scales.
Furthermore, Mr. Mohamed Salahuddin, Chairman of the Board of Directors at Mohamed Salahuddin Engineers & Architects (MSCEB), affirmed their commitment to bring their wealth of experience to bear. They will adhere to the highest engineering specifications and standards to ensure this extensive and pioneering project becomes a distinguished cultural and tourist destination within the Kingdom of Bahrain.
Key project details included in the development’s masterplan, which was designed by Benoy, a global leader in architecture and master planning:
About Bahrain Marina:
Bahrain Marina aspires to elevate Bahrain's status as a premier tourist destination. This exceptional project offers a range of residential choices, catering to both permanent and short-term stays, including the Bahrain Marina Residence, a luxurious hotel, and a pristine beach resort. The ambience of Bahrain Marina seamlessly encapsulates the heritage and essence of Bahrain, strategically situated in the heart of the Arabian Gulf. This core concept guided the design of key elements such as the Marina Club building, the scenic Corniche, an array of shops and restaurants, and the picturesque sea promenade.
© Press Release 2023
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.