$527m Bahrain market project on track
Manama, March 2, 2013
Plans are underway to inject BD10 million ($26.3 million) into a major state-of-the-art market - five years after it was shelved due to the credit crunch and unrest.
The BD200 million Manama Central Market project is being revived by the Manama Municipal Council and the Municipalities and Urban Planning Affairs Ministry, which will pump the money from the $10 billion Gulf Fund, reported the Gulf Daily News, our sister publication.
The scheme was first announced in January 2008, but was sidelined due to the financial crisis.
"We have negotiated with the ministry to have BD10m listed from the $10 billion Gulf Fund directed towards investing in the market and it will be mainly used to kick-start the commercial centre in a bid to revive the project," said council vice-chairman Mohammed Mansoor.-TradeArabia News Service
More Construction & Real Estate Stories
- Top Indian property firm plans Bahrain foray
- Pacific Ventures names brand ambassador
- Chesterton to unveil prime London properties
- Indian Property Show 2013 to be ‘biggest ever’
- Alwaleed eyes world's big cities for mile-high tower
- Cluttons seals tenancy deal with Durrat
- Masdar launches wind farm in Seychelles
- Drake & Scull mulls dual listing in Saudi
- APR Energy wins biggest Libya power contract
- Carillion Alawi wins $201m Oman contract
