A A Janahi to develop BD75 million complex

Complex to be built on reclaimed land

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By  Eudore Chand Published  November 27, 2004

Work on a BD75 million ($199 million) beach resort in Bahrain is expected to start early next year. The project, financed by Bahraini company A A Janahi Holdings, will be built on an area of around 800 000 square metres at Al Dafna Al Hamra, in the northern area of Budaiya. The new resort, which has not yet been named, will feature a luxury hotel, a large park, a marina for yachts, restaurants and around 1000 furnished flats. Construction is expected to take around two and a half years to complete. “This is the first tourism project of this size to be implemented in Budaiya and will be instrumental in promoting it as investment attraction,” said northern municipal councillor Faraj Al Dossary, in comments carried by web sites and newspapers. The project has been designed by Al Wafa International Investment Company. It will be built on a piece of reclaimed land owned by A A Janahi Holdings and was approved by both the Housing & Urbanisation Committee and the Northern Municipal Council. Developers have also agreed to grant priority to job-seekers from the area and predict the project will create 300 jobs. Developers will be responsible for building their own water and electricity facilities. Developers have also agreed to allocate around 3% of the resort’s annual profits to charities and clubs, such as the Budaiya Sports & Cultural Club, the Budaiya Charity Fund and needy families. The existing fishing harbour next to the resort ill be rebuilt for the benefit of local fishermen.

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