MANAMA: The construction and the infrastructure development of Investment Gateway Bahrain will start by 3rd quarter of this year and complete by the 4th quarter of 2016.
Managing Director of the leading Bahrain-based real estate development company Manara Developments Dr. Hasan Al Bastaki said that the infrastructure work would include the internal transportation network, sewage system, electrical wiring and the communication network in order to develop a modern and progressive infrastructure with potential for future developments and improvements.
“We have planned the infrastructure of the “Investment Gateway Bahrain” project to provide the owners of the plots with an integrated suite of services to suit their current and future needs that may arise in the future thus ensuring that the infrastructure arrangements are in line with our ambitions to develop the area into an ultimate logistics and light industry hub offering complete solutions for both display and storage requirements while allowing for progressive improvements to the basic services provided.”
He added that the Infrastructure construction tender was issued among the best and largest specialized contractors in the Kingdom on 5th May 2014 on the spectrum to submit bids for the completion of the required works with the highest degree of efficiency, accuracy and commitment to the date of completion.
The specialized international company URS have designed the infrastructure for “Investment Gateway – Bahrain” project. URS International is one of the most prestigious and specialized company in the UK with worldwide branches including the Kingdom of Bahrain. The company’s offered services includes infrastructure, maritime and environment, roads and traffic networks and engineering design for major governmental and private projects in the Kingdom.
Prior to the issuing of this tender, another tender have been issued on April, 13 2014 for the consultancy and design services for electricity sub-station of 66KV for the “Investment Gateway – Bahrain” project were the company is awaiting to receive the submission of the offers in order to award of the tender to the best bid offer. This will accelerates the process of finalizing the most important part of the infrastructure works, which is a big boost for the “Investment Gateway – Bahrain” project. The tender was issued amongst international specialized companies operating in the Kingdom of Bahrain.
He added that the overwhelming response received upon the launch of the plots offered in both phases of sales, of which have retained great success, led Manara to proceed with the necessary formalities and support to commence the infrastructure works without delays and subsequently soliciting bids and assigning contractors to commence works in line with the guidelines of which Manara adheres to thus ensuring successful completion within the pre-set timeframe.
“Amongst the major pillars of which Manara’s reputation was built on was its strict adherence to delivery schedules and pre-set timelines in all of its development projects, alongside the quality of implementation”, adding that “this is what we strive for in such a project as “Investment Gateway – Bahrain” notwithstanding its unique features of which characterized it as an attractive project to the Kingdom’s most prominent establishments.
Amongst “Investment Gateway – Bahrain’s” main distinctive features are its prime location within close proximity to the air and seaports of the Kingdom and Mina Salman and Mina Khalifa. In addition, “Investment Gateway – Bahrain” is an attractive property for investors as it offers great flexibility for long-term investment in line with their long-term strategic growth visions.
“Investment Gateway – Bahrain” is the first project dedicated to light industry and commercial activities in the Muharraq Governorate enabling the investor to obtain ownership of the land and is therefore not subject to a limited lease period, as is generally a main constraint in other industrial areas in the Muharraq Governorate. Moreover the owner has the choice to best utilize the property in whatever way is seen suitable to the land and the purpose of the investment.
The locations will have the capacity to serve as offices, showrooms, storage facilities, handling services, and sales offices, all of which are essential requirements to undergo a smooth business in the Kingdom of Bahrain and particularly Muharraq.