Bahrain is to launch two major seafront projects worth almost $80 million, which will include a new marina development, Arabian Business reported Wednesday, citing Trade Arabia news.
The projected $65 million marina development will boast a hotel, public beach, shopping mall, an indoor and outdoor theme park, fish market, a main office tower and commercial and residential buildings, according to the media sources.
The other part of the coastal project will include a new seafront, officials told Trade Arabia, which, with the new marina, will be located between the Shaikh Hamad bin Isa Causeway and the Shaikh Isa bin Salman Causeway.
“Even though we were divided on whether the place should be invested in or developed by the ministry last year, we have reached a point where we are convinced that supporting private investment is better than waiting for the government to find the budget,” Council chairman Abdulnasser Al Mahmeed was quoted as saying, in reference to the projects being restarted after they were halted last year.
Turkish, Saudi and Bahraini investors are backing the coastal project, Arabian Business reported.