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FINANCIAL NEWS
Bahrain to revive indoor ski resort project
17 Oct 2013
(MENAFN) Bahrain intends to revive the indoor ski resort project just a few months following the project”s cancelation, Arabian Business reported.
The agreement to revive the USD51.6 million project, which contains a full-size ice arena and indoor ski slope, was signed by the Municipalities and Urban Planning Affairs Minister and Fouad Shuwaitar, a Bahraini investor.
“The park has been abandoned since 2007, when a Kuwaiti investor’s plan for a ‘miniature Disneyland’ was scrapped due to his inability to carry out work. Since then, councillors have been looking for other investors and thus we decided to step in with a bigger and better project,” Shuwaitar said.
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