Sep 18 2007 |
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Bahrain Bay Anchor Projects Near Completion
MANAMA, 18 September 2007 -- The construction of Arcapita 's new headquarters and Bahrain's first Four Seasons Hotel "is underway and is on schedule," developer Bahrain Bay Development Company said yesterday in a statement.The new headquarters for Arcapita , a leading international investment bank, and the Four Seasons Hotel, the world's leading operator of luxury hotels, are two of the first anchor developments for Bahrain Bay, a project which will see the creation of a vibrant metropolis in the heart of Manama.
The developer said upon completion, targeted at late 2008, the new Arcapita headquarters will offer 18,000m of office space housed in an iconic, elongated, modern design. The Four Seasons Hotel, expected to open from 2010, will offer 220 premium hotel rooms in its 285m high tower.
He also said Bahrain Bay will "offer exceptional development and investment opportunities and ultimately, an inspiring urban lifestyle on the waterfront for residents and visitors."
Bahrain Bay development project has won the "International Arch of Europe," a global award for excellence in planning and decision making.
"Bahrain Bay is committed to establishing and nurturing a unique social commitment between the investors who build the district, and the visitors and residents who foster its spirit. This includes ensuring the public realm is accessible to all members of society, that commercial opportunities are provided to a diversified ethnic population and that all members share equally in the benefits and responsibilities of the community," he noted.
© Arab News 2007
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