Key real estate developments worth $10 billion are being showcased by the Bahrain Pavilion, hosted by the Economic Development Board (EDB), at the Cityscape Global exhibition, which is currently under way at the Dubai World Trade Centre (DWTC) in Dubai, UAE.

The pavilion is showcasing Diyar Al Muharraq, Bahrain Bay, Durrat Al Bahrain, Al Bilad Real Estate Development Company’s Garden City development, Manara Developments Company’s Investment Gateway – Bahrain, and Bahrain World Trade Center, a BNA report said.

Khalid Al Rumaihi, chief executive of the Bahrain Economic Development Board (EDB), said: "We are very pleased to be participating at this year’s Cityscape Global event in Dubai. The kingdom will be showcasing a number of leading developments worth around $10 billion to the international investors who will be part of this event.

"Recent developments in Bahrain’s real estate sector indicate that the sector is picking up, and that the construction sector grew by around seven per cent in 2014. Furthermore, we are pleased to see the rapid growth in the tourism sector; the hotels and restaurants sector achieved growth of almost 10 per cent in 2014, and visitor numbers into the kingdom reached over 10 million for the year."

During the event, Bahrain Bay, the $2.5-billion waterfront district located in the heart of Manama, will announce a new investor. Bin Faqeeh Real Estate Investment Company has purchased three land parcels for its new residential complex project titled ‘Water Bay’, which will be the first residential complex in Bahrain Bay.

Water Bay will feature three distinct 10-storey residences with around 600 luxury apartments and a retail floor. The construction will start later in 2015 and the project is scheduled for completion in 2017.

The delegation from Bahrain Bay will also be highlighting specific investment opportunities with an emphasis on the South Marina Waterfront District, a waterfront precinct designed around vibrant neighbourhoods of residential, apart-hotel and retail spaces.

Bahrain Bay Development CEO, Gagan Suri said: "We are delighted to welcome Bin Faqeeh, one of the kingdom’s leading real estate developers, amongst our investors in Bahrain Bay. This latest announcement strengthens Bahrain Bay’s position as an iconic landmark that will add value to the legacy, the community and the future generation of Bahrain."

Diyar Al Muharraq is a $3.18-billion real estate project surrounded by 40 km of waterfront and beaches, making it the longest waterfront in Bahrain. It comprises seven islands with a total of 12 sq km of reclaimed land, and a mixed-use urban residential development creating a community that embraces the social and cultural fabric of the country.

Maher Al Shaer, CEO of Diyar Al Muharraq, said: "Cityscape has provided us with a valuable opportunity to showcase the progress and vision of Diyar Al Muharraq to a larger regional audience. With a strong backbone of farsighted policies and strategies carefully crafted to meet the requirements of the various segments of society, Diyar Al Muharraq has been committed to the success of the sector. We are aware of how vital our industry is to the progress of the economy and to the national infrastructure and we have consequently left no avenue unexplored whereby we can make a strong statement and showcase the industry in the GCC region. Cityscape Global Dubai 2015 has provided a tremendous opportunity to meet with others in the industry and to interact directly with a wider public audience."

The $6-billion Durrat Al Bahrain development is a joint development owned by the Government of Bahrain and Kuwait Finance House (Bahrain). Located on the south coast of Bahrain, this 21 sq km master development will offer more than 1,500 beachfront villas, 3,600 executive apartments and offices, luxury hotels and spa resorts, parks and entertainment precincts, mosques and international schools, premier retail malls and restaurants, as well as "Durrat Marina".

The $1.3-billion marina will cover an area of 700,000 sq m, provide berthing space for 400 boats and yachts. It will also host the Ras Al Barr Development, which is located to the south of Durrat Al Bahrain resort. The development will offer a range of waterfront housing options, themed hotels, retail and souqs, public waterfront and beaches, as well as community facilities, schools, parklands, and sport facilities.

Mahmood Ahmed Abdulrahman, the CEO of Durrat Al Bahrain, said: "This event is taking place at an important time for the region, with the real estate market in particular experiencing positive growth. Cityscape presents an opportunity for us to showcase future projects in Durrat Al Bahrain, including the high-end residential villa developments on Murjan 5 and 6 islands, and the Crescent Island, which constitutes the commercial hub of the island community. It will contain commercial complexes, residential towers and offices, which offer important new infrastructure options to the south of the island."

Manara Developments Company will be showcasing its $200-million major industrial zone development "Investment Gateway – Bahrain". The 601,000-sq-m project is located between Bahrain International Airport, Salman Industrial Area and the expressway linking to Mina Salman. Ninety per cent of the first phase-listed plots have been already sold.