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FINANCIAL NEWS
Saudi Kooheji in USD300m development in Bahrain Bay
29 Jun 2013
(MENAFN) Nama International Real Estate has launched a USD300 million mixed-use project in Bahrain, Arabian Business reported.
The project will be executed through Bahrain Bay Development, a joint venture between Nama International Real Estate and Bahrain Bay Development.
Tariq Al-Kooheji, managing director of Saudi-based Kooheji Global Holding, which owns Nama, will develop KGH Tower at Bahrain Bay in two phases.
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Phase 1 includes a four-star hotel with around 175 keys, 120 luxury serviced apartments and high-end commercial office space complemented by a retail zone with multi-storey car park space.
Phase 2 will see the development of a five-star hotel comprising of around 240 rooms.
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BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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