Bahrain Marina Development Company has announced that steady progress is being made on its iconic Bahrain Marina project, developed in Manama for a total investment of BD200 million ($527 million), with nearly 18% of the construction work already completed.
When completed, this premier destination will include a variety of retail stores featuring leading brands, as well as high-end restaurants and cafes that are well-known locally and internationally.
The project also includes a commercial complex, a yacht parking facility, and a large 3,200-square-meter marine club.
In a project update, the Bahraini developer stated that the marina project was confidently progressing toward its developmental goals and exceeding expectations, as evidenced by recent updates.
As of the beginning of January, the completion rate of construction work had exceeded the initial target of 17% for the same period.
This significant progress is accompanied by another notable achievement: completing one million working hours without any accidents, according to the developer.
This milestone demonstrates the team’s dedication to safety and professionalism, both of which are required to maintain a secure and stable working environment, according to the statement.
Khalid Najibi, Chairman of the Board of Directors of Bahrain Marina Development, said: “Our project is not just about constructing buildings; it’s about crafting a world-class cultural landmark in Bahrain on schedule.”
“The success we’re witnessing is a direct result of the meticulous strategic planning and relentless efforts of our teams who are dedicated to transforming our vision into a splendid reality that reflects the prestige of the kingdom and aligns with its future aspirations,” noted Najibi.
Najibi also emphasized the importance of strictly adhering to safety protocols, which contributed significantly to the project’s achievement of one million accident-free hours.
“Our commitment to the highest safety standards is a fundamental pillar of our operations, ensuring a safe and environmentally friendly workspace for all,” he added.
Najibi reiterated the company’s commitment to excellence and quality, which are integral to the construction process.
“We are committed to implementing the highest quality standards in every facet of this project, ensuring timely completion as per our set schedules and fulfilling our promise to establish a landmark that embodies the Bahraini spirit and international standards,” he added.
The “Bahrain Marina” project has also been awarded a golden license by the government, indicating the high level of trust and significance of this project among strategic development initiatives aimed at diversifying the Kingdom’s economic base beyond oil.
“This is part of Bahrain’s comprehensive development under the prosperous reign of His Majesty King Hamad bin Isa Al Khalifa,” remarked Yousuf Al Thawadi, the Board Member and Managing Director of Bahrain Marina Development.
“Our collective expertise and professionalism ensure that we meet our timelines while delivering a project that exemplifies efficiency and excellence, embodying the aspirations of Bahrain for a bright future,” he added.