Latest news with #BahrainMarina
Zawya
12-07-2025
- Business
- Zawya
Bahrain Marina appoints new Board of Directors and Chairman
Manama – Bahrain Marina Development Company, the master developer of the landmark Bahrain Marina real estate and tourism project in the heart of Manama, has announced the formation of its new Board of Directors and the election of Mr. Reyadh Yousif Sater as Chairman. The newly appointed Board comprises a distinguished group of Bahraini professionals, including Mr. Reyadh Yousif Sater, Ms. Sahar Rashid Al Mannai, Dr. Ahmed Abdulghani Al Shaikh, Mr. Mohammed Ali Al Bastaki, Mr. Yousif Abdulla Taqi, and Mr. Abdulla Ahmed Kamal. This new formation reflects the company's strategic commitment to strengthening corporate governance and drawing on national expertise to support the next phase of development. In parallel, the company has also appointed Engineer Hisham Almoayyed as Acting Chief Executive Officer, in addition to his current responsibilities as Head of Project Development. Commenting on his appointment, Mr. Reyadh Yousif Sater, Chairman of the Board, stated: 'It is an honor to assume the role of Chairman at this pivotal stage of the Bahrain Marina project – a flagship development that reflects the Kingdom's future vision for real estate and tourism. Along with my fellow board members, we are committed to continuing the company's mission of creating an iconic Bahraini destination that celebrates innovation, architectural diversity, and urban excellence, reinforcing Manama's position as a prime hub for investment, residential living, and hospitality.' He added: 'Our focus in the coming phase will be on building upon the solid foundation already laid and delivering on our promises with the highest levels of quality, transparency, and sustainability – to the benefit of residents, investors, and the wider community.' For his part, Eng. Hisham Almoayyed, Acting CEO of Bahrain Marina Development Company, expressed his gratitude to the Board and shared his outlook for the next phase: 'I am deeply grateful for the Board's confidence and remain fully committed to leading the project with diligence and integrity. Bahrain Marina is a cornerstone of the Kingdom's urban and tourism development plans, and we will continue to drive the project forward with pace, precision, and a strong focus on excellence, in line with Bahrain's ambition to attract high-value investment and deliver premium lifestyle experiences.' The newly appointed Board also extended its sincere appreciation to the previous leadership, notably former Chairman Mr. Khalid Najibi, former Managing Director Mr. Yusuf Al Thawadi, and all members of the outgoing Board, for their vital contributions during the project's establishment and early execution phases. Their efforts laid the groundwork for a development that now stands as one of the Kingdom's most prominent mixed-use projects. The Bahrain Marina development spans over 250,000 square meters along Manama's eastern coastline. It features luxury freehold residential units, a five-star hotel, a premium retail and dining destination, sports and entertainment facilities, a state-of-the-art yacht marina, and a contemporary marine club – collectively offering a fully integrated, world-class lifestyle destination in line with Bahrain's vision for sustainable urban and tourism growth. For more information, please contact: Bahrain Marina Ahmad Fakhro Email: About Bahrain Marina Bahrain Marina is an extraordinary waterfront development strategically positioned on the eastern coast of Manama, the capital of Bahrain. With a development budget of BD 200 million, this landmark project features an array of luxury retail outlets, fine dining restaurants, and internationally renowned cafes. The development also includes a shopping mall, a marina with yacht parking, and an expansive 3,200-square-meter marine club offering a wide range of recreational activities and marine programs, contributing significantly to the Kingdom's tourism sector. In addition, Bahrain Marina provides a unique residential experience with luxurious freehold units, premium hotel accommodations, extensive green spaces, and high-end sports facilities. The project is designed to promote a balanced lifestyle that enhances residents' and visitors' quality of life. For more information and to experience the future of luxury living, please visit
Zawya
21-06-2025
- Business
- Zawya
Bahrain Marina appoints CBRE Bahrain to manage retail sector and develop leasing strategy
Manama: Bahrain Marina Development Company, the master developer of the prestigious Bahrain Marina project located along the eastern waterfront of the capital, Manama, has announced the appointment of the leading global commercial real estate services and investment firm CBRE Bahrain to manage and operate the project's retail units. CBRE Bahrain will also be responsible for developing a comprehensive leasing strategy, encompassing the determination of the optimal brand mix, commercial area planning, and occupancy strategies. This appointment reflects Bahrain Marina's commitment to attracting leading international partners to deliver a high-end shopping and entertainment experience, further enhancing the project's appeal as an integrated urban destination that draws visitors from Bahrain and across the region. On this occasion, Bahrain Marina Development affirmed in a press statement that the appointment of CBRE Bahrain marks a pivotal step toward enhancing the commercial value of the Bahrain Marina project's components and establishing a strong foundation for an exceptional shopping experience at the national level. The company noted that CBRE's global expertise will contribute to attracting prestigious retail brands and delivering a unique retail environment that meets the aspirations of both visitors and residents alike. This will be achieved through professional operational management and meticulous strategic planning that ensures sustainable operations and a diverse brand mix. For its part, CBRE Bahrain stated that it is delighted to partner with Bahrain Marina on this landmark project, which represents a significant milestone in Bahrain's real estate development landscape. Leveraging global expertise, CBRE Bahrain will deliver an integrated operational experience designed to enhance the development's overall appeal. As the appointed Property Management firm for the retail component, CBRE Bahrain is committed to supporting Bahrain Marina through a strategic and structured approach to managing this key asset. This partnership aims to elevate the destination's profile, attracting leading international and regional brands that will enrich the commercial offering and reflect the project's unique identity. Under the agreement, CBRE Bahrain will oversee the daily operations of the commercial facilities and will develop an innovative leasing plan, identifying tenant profiles and creating a commercial distribution map, ensuring a balanced mix of retail, hospitality, and complementary services. The Bahrain Marina project spans more than 250,000 square meters and features 128 retail units distributed among a collection of upscale shops, international restaurants, and renowned cafés. It also includes luxurious residential facilities, a state-of-the-art marina, a beach club, and a five-star hotel. Bahrain Marina is positioned as one of the most prominent new waterfront destinations, redefining the shopping, tourism, and entertainment scene in the heart of Manama. For more information, please contact: Bahrain Marina Ahmad Fakhro Email: Notes to Editors: About Bahrain Marina Bahrain Marina is an extraordinary waterfront development strategically positioned on the eastern coast of Manama, the capital of Bahrain. With a development budget of BD 200 million, this landmark project features an array of luxury retail outlets, fine dining restaurants, and internationally renowned cafes. The development also includes a shopping mall, a marina with yacht parking, and an expansive 3,200-square-meter marine club offering a wide range of recreational activities and marine programs, contributing significantly to the Kingdom's tourism sector. In addition, Bahrain Marina provides a unique residential experience with luxurious freehold units, premium hotel accommodations, extensive green spaces, and high-end sports facilities. The project is designed to promote a balanced lifestyle that enhances residents' and visitors' quality of life. For more information and to experience the future of luxury living, please visit About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world's largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at
Zawya
25-05-2025
- Business
- Zawya
Bahrain Marina marks construction milestone as Phase One hits 50%
Manama – Bahrain Marina Development Company has announced the successful completion of 50% of Phase One of its flagship waterfront development, Bahrain Marina- a key milestone that reflects the company's steadfast commitment to delivering one of the Kingdom's most ambitious urban lifestyle destinations. The project remains on track for handover in the final quarter of 2026. Progress at the site continues at a remarkable pace, driven by the dedication and expertise of the development and engineering teams. Their efforts have ensured that construction advances according to the highest international standards of quality, safety, and innovation. Among the notable achievements is the ongoing construction of the Bahrain Marina Residence Tower, a signature luxury residential building within the development. The tower has now reached its 15th floor out of 20, with 25% of construction works completed, an architectural milestone that further enhances Bahrain's modern skyline and reinforces the project's reputation as a premium address. Commenting on the progress, Mr. Khalid Najibi, Chairman of the Board of Directors of Bahrain Marina Development Company, stated: "Reaching 50% completion of Phase One is not merely a construction milestone, it is a tangible realisation of the ambitious strategic vision the company set forth at the project's inception. Our aim has always been to redefine the concept of waterfront living and luxury residential experiences in the Kingdom of Bahrain. We are not simply developing buildings; we are creating an integrated urban environment that elevates quality of life and unlocks vast investment opportunities across the real estate, tourism, and commercial sectors." Mr. Najibi added: "This progress would not have been possible without the official support we have received, the trust of our partners, and the dedication of the national talents involved in design and execution. It also reflects our unwavering commitment to the highest global standards and best practices in project management. We firmly believe that Bahrain Marina is a cornerstone in advancing the Kingdom's economic vision, offering a holistic model of sustainable development that meets the aspirations of individuals and investors, while reinforcing Bahrain's position as a leading regional hub for tourism and investment.' For his part, Mr. Yusuf Althawadi, Managing Director of Bahrain Marina Development Company, affirmed that the project is progressing in line with the highest construction and engineering standards. He added: "The structural progress of Bahrain Marina Residence, now reaching the 15th floor, is a clear reflection of the meticulous attention we place on execution. This project represents a refined urban destination that blends distinctive architectural design with an integrated quality of life. We are working tirelessly to bring to life a clear vision that positions Bahrain Marina at the forefront of residential and tourism destinations in the region." Set along the eastern shoreline of Manama, Bahrain Marina spans over 250,000 square metres, transforming prime coastal land into an integrated urban retreat. Once complete, the project will offer freehold luxury residences, a five-star hotel, a world-class yacht marina, a premium marine club, expansive green areas, and a vibrant retail and dining promenade. This fusion of waterfront leisure, elegant living, and dynamic commercial offerings will position Bahrain Marina as a benchmark for sophisticated coastal development in the region. For more information, please contact: Bahrain Marina Ahmad Fakhro Email: About Bahrain Marina Bahrain Marina is an extraordinary waterfront development strategically positioned on the eastern coast of Manama, the capital of Bahrain. With a development budget of BD 200 million, this landmark project features an array of luxury retail outlets, fine dining restaurants, and internationally renowned cafes. The development also includes a shopping mall, a marina with yacht parking, and an expansive 3,200-square-meter marine club offering a wide range of recreational activities and marine programs, contributing significantly to the Kingdom's tourism sector. In addition, Bahrain Marina provides a unique residential experience with luxurious freehold units, premium hotel accommodations, extensive green spaces, and high-end sports facilities. The project is designed to promote a balanced lifestyle that enhances residents' and visitors' quality of life. For more information and to experience the future of luxury living, please visit
Trade Arabia
24-05-2025
- Business
- Trade Arabia
Bahrain Marina Phase I project work 50% completed
Bahrain Marina Development Company (BMDC) has announced significant progress on its prime development - Bahrain Marina project, with a 50% completion rate in the first phase of the project, reflecting the company's commitment to executing the works on schedule, in preparation for the delivery of the project in the last quarter of 2026. BMDC said work on the project site is proceeding at a steady and accelerated pace, in a clear indication of the efficiency of the work teams and their keenness to implement the project according to the highest standards of quality and excellence. "The progress achieved to date on the project is not only a construction achievement, but a living embodiment of an ambitious strategic vision that the company has set since its inception," remarked its Chairman Khalid Najibi. "Reaching 50% of the first phase underscores our commitment to delivering a quality project that will redefine the concept of waterfront and luxury housing in the Kingdom of Bahrain," stated Najibi. "We are not only developing buildings, but we are establishing an integrated urban system that improves the quality of life and opens up wide horizons for investment in the real estate, tourism and commercial sectors," he added. Bahrain Marina is one of the most prominent development projects in the Kingdom, located on the eastern waterfront of the capital, Manama, and extends over an area of more than 250,000 sq m, and includes integrated residential, commercial, recreational and tourist facilities, including luxury residential units with a freehold system, a five-star hotel, a yacht marina, and a marine club. It also boasts vast green spaces and a high-end commercial complex, making it a project that sets new standards for high-end modern life in the Kingdom of Bahrain. Giving a project update, BMDC said the work on its luxury residential tower "Bahrain Marina Residence" is moving at a steady pace with the tower nearing 25% completion. The construction in the tower reached the fifteenth floor out of 20 floors, in a remarkable engineering achievement within one of the finest and most prominent modern urban facades of Bahrain, it stated. Najibi said: "This progress would not have been possible without the official support we enjoy, the trust of our partners, the dedication of national talent working within the design and implementation teams, and our commitment to the highest international standards and practices in project management." "We believe that the Bahrain Marina project is one of the main pillars in supporting the economic vision of the Kingdom of Bahrain, as it provides an integrated model for sustainable development that reflects the aspirations of individuals and investors, and enhances the Kingdom's position as a leading regional center for tourism and investment," he noted. Yousuf Al Thawadi, Managing Director of Bahrain Marina Development Company, said the project was proceeding according to the highest construction and engineering standards. "The progress of the construction works in Bahrain Marina Residence Tower and its arrival on the 15th floor is a testament to the attention we pay to the smallest details of the implementation, and we consider this project a high-end urban façade that combines unique architectural design and integrated quality of life," he noted.
