Manara begins phase 2 of ‘Investment Gateway-Bahrain’

Manara Developments Company, a leading real estate developer has announced the commencement of phase two of its large-scale “Investment Gateway – Bahrain” in line with its schedule. As of June 2019, the project has completed 26 percent of its landfill target of phase two, as the main project contractor laid more than 2.7 million cubic meters of landfill sand and will continue for approximately 18- 21 months for the BHD 100m infrastructure construction phase to proceed.

Upon completion, the “Investment Gateway – Bahrain” project will span a total surface area of 29 million square feet making it the largest light industry project available for freehold ownership in the Kingdom of Bahrain. Managing Director of Manara Developments, Dr Hassan Al Bastaki commented on the second phase of “Investment – Gateway – Bahrain” stating: “The Government of the Kingdom of Bahrain has extended support on numerous occasions that have brought this project to its significance today as it has approved the classification of the project as an investment zone of a unique standard.

The classification allowed non-Bahraini investment bodies to own property within the project thus driving a higher volume demand and global expertise towards it.”