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New location for USD 172 million projects sought in Bahrain
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Tuesday, 02 Aug 2011
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A new location is being finalized for a BHD 64.78 million project in Bahrain that will include a state of the art hospital, luxury hotel, deluxe residential apartments and a shopping complex.

It follows directives by HRH Prime Minister Prince Khalifa bin Salman Al Khalifa that land adjacent to the Muharraq Municipality headquarters in Busaiteen should not be used and kept for possible future expansion plans.

Mr Abdulnasser Al Mahmeed chairman of Muharraq Municipal Council said that councillors backed the decision. We felt the Premier was right and the land should be kept for future municipality usage instead of turning it into an investment. The land is the property of the municipality and should be kept for the future.

Mr Al Mahmeed revealed a list of possible locations would be compiled and discussed among councillors following the summer holidays. Land that falls under the municipality property will be earmarked and studied to finalize which one can host the project. Officials earlier revealed it had the potential to provide a monthly municipal income of BHD 202,000.

He said that land which falls under Muharraq Municipality property will be listed and studies will be conducted to see which one can host the major project. Following this, construction can go ahead. The investor will be paying a monthly rental fee to the municipality as the land is owned by the latter.

(Sourced from Trade Arabia)

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