Bahrain Marina Development Company, a subsidiary of the Social Insurance Organization (SIO), is putting together the tender package for the piling work for its eponymous development, with plans to award the contract at the end of this month.
According to the company, piling activities for the Bahrain Marina project should commence in Q1 2018, following the completion of reclamation activities and the issuance of a reclamation certificate.
At the moment, Al Hassanain, the project’s marine contractor, is already onsite and preparing to start with reclamation works.
Speaking to Construction Week on the opening day of Cityscape Global 2017, Yazan Haddad, chief executive officer (CEO) of Bahrain Marina, revealed that the project is being developed in phases, with Phase 1 expected to complete by Q3 2020.
With a built-up area of around 310,000m2 and a 235-berth marina, Bahrain Marina is a mixed-use development being constructed in Manama, close to the Bahrain National Museum.
It will include a five-star hotel, serviced and freehold apartments, waterfront villas, a fully-integrated family entertainment centre, a cinema complex, a 450m boardwalk, a yacht club, and a recreational waterfront space with dining and retail facilities.
The development will also feature an underground car park that can accommodate up to 2,000 vehicles.
“What we’re going to add to Bahrain’s leisure and tourism sector is a new destination that will encompass everything,” Haddad said. “We’re trying to offer everything within one development.
“Our aim is to build the ultimate entertainment and tourism destination. We want to create a second-to-none experience for anyone who visits Bahrain Marina.”
In addition to preparing the tender package for the piling work, the company is in negotiations with the future operator of the development’s 400-key hotel.
“We’re in the final negotiation stage with the operator. We’re tweaking [the agreement terms],” he revealed. “Hopefully, we will be announcing the operator sometime in the first half of October.”
Bahrain Marina Development Company is showcasing its project at Cityscape, which opened yesterday at the Dubai International Convention and Exhibition Centre (DICEC).
The development is being exhibited at a pavilion hosting four other Bahraini projects: Bahrain Bay, Diyar Al Muharraq, Durrat Al Bahrain, and Canal View.
While most developers are looking to close sales during the three-day event, Haddad said that Bahrain Marina is participating in the event primarily to generate awareness of the project.
He noted that it is the first time the development is being showcased outside Bahrain. It made its debut in February this year, at the Gulf Property show in Manama.
“Social Insurance Organisation owns the project, with only one component – the freehold apartments – for sale, but we have yet to put that on the market,” he said, adding that the company is not looking to land investors at the event but attract retail and F&B brands to open shop at the development.
“We are trying to bring in a new texture to Bahrain, a new taste, rather than just the typical things you see in malls,” he added.