A $200 million luxury residential development situated on Reef Island in the northern coast of Manama was launched by Infracorp.
The Marina Bay high end project on an artificial island was unveiled during a recent press conference, chaired by the Bahrain-based developer’s chairman Hisham Alrayes and chief executive Majed Al Khan.
Marina Bay’s launch comes shortly after the company’s successful completion and delivery of phase one of the California Village residences in Dubai, the launch of phase two, and the completion of the first phase of Marina in the Bahrain Harbour.
The ground breaking is expected to be in Q4 2023 and aims to elevate the luxury living experience in the Kingdom of Bahrain through developing sustainable and modern residential communities.
According to the project’s official website it covers 34,000sqm offering 120 residential units and 47 luxurious villas.
IMPACTFUL PROJECT
The project partners with esteemed design consultants AAP Design Construction, a full-service design and construction firm that specialises in streamlined design and build projects based in Portugal and Kuwait.
“We take pride in our consistency in delivering impactful real estate projects that have significantly boosted the real estate and urban development in Bahrain,” said Mr Al Khan.
“Our efforts align with the government’s Economic Vision for 2030 and tourism strategy.”
He said the Marina Bay project is part of Infracorp's expansion plans in the real estate portfolio in creating sustainable infrastructure developments across the region.
"Our success is driven by the unique investment and regulatory landscape of the Kingdom, which continues to shape the tourism and real estate sectors and contribute to the economic growth with our diverse portfolio of investment opportunities" stated Al Khan.
SPECIALIZED IN SUSTAINABLE
Infracorp, GFH Financial Group’s sustainable infrastructure platform, is specialised in investing in the infrastructure and sustainable development sector, with a capital of $1.1 billion.
It manages a portfolio of approximately $3 billion in infrastructure assets, including 250 million square feet of space in the Gulf, North Africa and South Asia dedicated to sustainable economic and social infrastructure.
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