$185 million Bahrain resort work to begin.Work will soon begin on a major BD70 million ($185.7 million) mixed-use development project near Budaiya, it has been announced. The Suq Al Arabia Resort will feature a public beach, health club, shops and residential properties. Councillors are expected to sign a MoU with the project's investor within a month, as soon as the final designs are prepared, said Northern Municipal Council member and area councillor Mubarak Al Dossari. The project will begin work as soon as the contractors are ready and will take around two years to complete. It will cover 22,400sqm, opposite the Northern Town, and will be run according to Islamic values - meaning there will be no outlets selling alcohol. 'A get-together ghabga was held for council members, the owner and renowned Budaiya businessmen, including MP Hassan Al Dossari,' he said. 'It was a chance for everyone to talk about investment opportunities or participate in the project in matters related to construction. 'This project is turning into reality and I am very happy because it will benefit the owner and residents alike.' The project will consist of five 'step-shaped' buildings in traditional Bahraini architecture, four of which will be eight to nine storeys high. The main one will include a commercial area on the ground floor, a health club on the first floor, offices on the second floor and nine residential floors above them. The project is being spearheaded by an unnamed Pakistani investor, who has reportedly agreed to a number of clauses that will benefit the local community. Al Dossari earlier said the project would be positive for the area because the investor planned to build a community hall within the development. The permanent 870sqm facility would be available for residents from the area to hire for big occasions. It would also feature six shops, with proceeds going towards the maintenance and running of the hall. In addition, the investor has pledged to give BD15,000 every year to the Budaiya Charity Fund to be distributed among the needy. Saudi Economic Survey. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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