Billion dollar Bahrain Bay set for early start

Latest reclamation project in the Gulf could include Bahrain’s tallest tower

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By  Sean Cronin Published  December 17, 2005

Turner International and Atkins are set to start construction on the US $1.5 billion (BD566 million) Bahrain Bay project ahead of schedule. The pair will lead the site team on the mega-project, which will be built in three phases. The first phase will involve a 430 000 m2 land reclamation and infrastructure development, set to begin in January 2006. Phase two will involve the construction of the two anchor developments, the Four Seasons hotel and the new global headquarters building for Arcapita, scheduled for completion in early 2008. The third phase of the scheme will include residential, retail and commercial sub-projects around the anchor developments. At final completion, expected in December 2010, the total built area will be over 1.1 million m2. Atif Abdulmalik, chief executive of Arcapita, said: “Just five months from the initial announcement of this project, the preparatory stages for design and planning have progressed very well and Bahrain Bay BSC is able to launch Bahrain Bay ahead of schedule. “A month from now, site work will commence on what we believe will be an outstanding addition to the Kingdom of Bahrain, as befits its place as a regional centre for banking and finance.” The Four Seasons hotel will be the centerpiece of the development, and is expected to be the tallest building in Bahrain. The plans include 220 rooms, conference facilities and a private beach. The Arcapita headquarters will provide over 18 000m2 of office space. Skidmore, Owings & Merrill has completed the masterplan for the first phase of the project, which is being developed by Bahrain Bay Development, a joint venture between Arcapita Bank and a Bahrain-based investment group.

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