MANAMA: Amlak, the real estate investment arm and wholly-owned subsidiary of the Social Insurance Organisation (SIO), has started the redevelopment of three existing local markets in Isa Town.
The three markets are Souq Abu Dhar Al Ghafari, Souq Al Madina and Souq Ibn Al Waleed and the project is set to be completed by November 14 next year.
A statement by Amlak said the project costing BD2,009,000 is a part of efforts to transform local markets and raise the standard of retail offerings for the local community.
The existing markets will be upgraded into modern, multi-purpose facilities with diversified retail shops catering to the daily needs of the community.
Souq Abu Dhar Al Ghafari will stay true to its concept of ‘building blocks’, catering to community user convenience and promoting accessible retail spaces.
The development will be spread over two floors with a total of 32 retail units.
Souq Al Madina has been identified as a commercial catalyst of a well-rounded neighbourhood ecosystem. Its total net leasable area will be 1,675.33sqm.
Souq Ibn Al Waleed will feature a combination of recreational and commercial spaces. It will a total net leasable area of 1,518.47sqm spread over 21 retail units.
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