PORTS & HARBOURS

New Reclamation Project Proposed in Bahrain

21 years ago

Gulf Finance House BSC (GFH), one of the leading Islamic investment banks in the Middle East, and Bahrain-based Dala Development Properties Management Co WLL (Dala Development), have announced that they have signed a Memorandum of Understanding to develop Two Seas – an 11 million square metre freehold island project, which will be built on a man-made island located north east of the Kingdom of Bahrain.

The Two Seas project could see an 11 million square metre island created and is the latest in a series huge reclamation projects in the areas, such as the Palm projects, shown here

The redevelopment project comprises the straightening of the port’s Western Quays by the construction of a new 300m long quay wall, deepening the berths, building additional storage facilities and a new public slipway and quay facilities at ‘Polly Steps’. The contract for the works was awarded to Dean & Dyball Construction Ltd and is due for completion by July 2006.

Mr Esam Janahi, Chief Executive Officer and Mr Abdul Rahman Al Jasmi, Deputy Chief Executive Officer, Gulf Finance House, Mr Saud Kanoo, Chairman and Mr Jameel Ali Ali Matrook, Chief Executive Officer, Dala Development Properties Management Co WLL, unveiled the project.

The project will be developed in three phases over 11 million square metres, and will include residential clusters, luxury hotels, schools, hospitals, high-street retail opportunities, promenades, and other modern amenities. In keeping with its positioning, Two Seas will also host a variety of marine and nautical-related facilities, including quays, berthing services, and water sporting related infrastructure.