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Bahrain Bay Development – the company behind the $2.5 billion waterfront metropolis located off Manama’s northern shore – has announced that construction of two of its anchor developments is underway and on schedule.
The new HQ for Arcapita, a leading international investment bank, and the Four Season’s Hotel, one of the world’s leading operators of luxury hotels, are two of the first anchor developments for Bahrain Bay, a project which aims to see the creation of a vibrant metropolis in the heart of Manama.
Both developments are well into their initial phases of construction, with reclamation completed and infrastructure developed.
Upon completion, scheduled for late 2008, the new Arcapita HQ will offer 18,000 sq m of office space housed in an iconic, elongated, modern design.
The Four Season’s Hotel will contrast the design of the Arcapita HQ by offering 220 premium hotel rooms within its 285m high tower which will be based upon its own island and open to guests from 2010.
Bahrain Bay CEO Bob Vincent said: “We intend Bahrain Bay to set a new standard for urban living in the region by creating a modern metropolis that will become the driving force of the redevelopment of Manama’s city waterfront and underpin a sustainable legacy for the kingdom.
“Bahrain Bay will be a complete community filled with residents, businesses and visitors, living in and surrounded by stunning architecture.
“With the new Arcapita HQ and The Four Seasons Hotel well into their intitial phases of construction, we are seeing the beginnings of what will become a fusion of vibrant neighbourhoods, open spaces, entertainment, retail and commercial areas.
“Bahrain Bay will offer exceptional development and investment opportunities and ultimately, an inspiring urban lifestyle on the waterfront for residents and visitors.”
Mr Vincent was speaking during a press conference held on Monday at the company’s offices in National Bank of Bahrain Tower in Manama.
By Farishta Saeed
