KUWAIT, April 10 (KUNA) -- The Gulf Investment House (GIH) has vowed to cover KD 10 million (nearly USD 34.5892 million) in a tourist project in the Kingdom of Bahrain, GIH CEO Badar Abdullah al-Ali said here Tuesday.
This sum accounts for 15 percent of the project's capital.
Al-Ali said in news remarks that the expected investment revenues of the Duraat Al-Marina Project would amount to 25 percent, with a three-year investment period.
The project will be part of Durrat Al-Bahrain Project in south Bahrain on a total area of 20 square kilometers, he added.
The project contains a variation of plush properties, involving stores, villas, residential buildings and entertainment facilities, he said, hailing it as the largest investment project in Bahrain at a total cost of USD 1.3 billion.
The mammoth project enjoys logistic support by the Bahraini government, he said.
Durrat Al-Marina Project will house 142 villas, 200 housing units and apartment houses that consist of 3-30 storeys, and trade and entertainment facilities, he noted.
