Bahrain Financial Harbour (BFH) takes shape

Phase I of the $1.3B project is well underway, phase II dredging starts soon and phase III is in the planning stage.

  • E-Mail
By  David Ingham Published  June 15, 2004

Bahrain Financial Harbour (BFH), has awarded its phase II land reclamation contract, worth around US $26 million, to Ahmed Mansoor Al A’ali Co. The work will cover an area of 178,750 square metres, significantly larger than the 53,000 square metres recovered in phase I. “The Phase II reclamation is a crucial step forward in the development of the project, setting the stage for the construction of the next phase of this unique development,” said Ahmed Janahi, managing director of Gulf Finance House, the promoter of the project. BFH is a multi-phase, multi-year mixed use development. Work on the phase II land reclamation begins this month and is due to finish in 2006. Simultaneously, work on phase I is surging ahead, with construction of the US $250 million Financial Centre well underway. This will involve construction of two 50 storey buildings, the Dual Towers, an eight level building called the Financial Mall and the Harbour House, a nine storey, circular building. Completion is scheduled for 2007. Meanwhile, preliminary design and planning for the third phase of the project has already begun. Land reclamation is set to begin by the end of 2004. In phase III, the total reclaimed land area will be a reported 310,500 square metres. Completion of the entire BFH project, which is expected to cost around US $1.3 billion, is scheduled for 2010.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code