Bahrain-based Manara Developments, said it has launched the sales of the second phase of its “Investment Gateway - Bahrain” project following the remarkable success achieved in the sale of project's first phase.

Commenting on the response, managing director Dr Hasan Al Bastaki said there had been overwhelming response from the investors within the first week of the phase II sales launch. "It has generated tremendous interest which has exceeded all expectations following the successes of phase one of sales," he noted.

"Though the success of phase two was undoubtedly expected, especially after a significant number of the leading companies took on the plots as a strategic base location for themselves, the rate of which the plots were sold were nothing short of a pleasant surprise for us, portraying Bahrain’s Institutions’ visions and the value of which these plots will bring upon their businesses," he added.

According to him, Manara had initially intended to announce the launch of phase two of sales of “Investment Gateway - Bahrain” into the market during the earlier stages of the project.

"However, the overwhelming interest received on phase one of sales, and the astounding sales achieved in record time drove us to speed up the launch of phase two of Sales for plots without hesitation," he observed.  

Dr Al Bastaki also added that the local market was yearning for the distinctive qualities offered in “Investment Gateway - Bahrain”, that have never been offered before in the local market.

Being situated between Bahrain International Airport and Sheikh Khalifa Bin Salman Port, and within close proximity to Mina Salman, and other industrial locations, has given the project a unique meeting point for the Kingdom’s most prominent commercial institutions ranging from wholesale, to retail, to light industry, in addition to automotive trading amongst various business activities.

A number of well-established companies such as Ebrahim Khalil Kanoo, Yousif Khalil Al Moayyed & Sons, Montreal Motors, Trafco Group, Ceramica Delmon and Bahrain Limo, in addition to Ramez Group, UCO Marine Constructing, Mohammed Ali Zainal Company (Maza) … and more have taken “Investment Gateway - Bahrain” as an operating base to expand their businesses.-TradeArabia News Service