Bahrain-based Arcapita Bank has unveiled two major real estate projects in the kingdom – the Riffa Views project and a waterfront residential development valued at approximately $1.2 billion.

The $300 million Riffa Views project to be launched next month (September) will involve the development of a themed residential community around the 18-hole Riffa Golf Course.
“Approximately 750 single family units will be developed within a gated community with access to world-class sporting facilities and a country club that will offer residents resort-type swimming pools, a high-end health club and other sporting facilities,” says a spokesman. “As part of the development, the golf course will be redesigned and modified to championship standards that will enable the hosting of PGA events,” he adds.
Arcapita is also sponsoring an iconic project estimated at $900 million to be launched in December. This landmark project will involve the reclamation and development of more than 400,000 sq m of land in north-east Manama opposite the Diplomatic Area and next to the Sheikh Isa bin Salman causeway. It will include high-end waterfront residential developments with apartments, condominiums and penthouses as well as marinas, cafés and restaurants and a number of public areas and promenades.
The two anchor developments will include a Four Seasons hotel development and the new Arcapita headquarters building. The Four Seasons hotel, which will be developed by a Bahrain-based company, is expected to become the most prestigious hotel complex in Bahrain. The iconic and futuristic architectural designs for both developments were developed by the leading New York-based architectural and urban design firm, Skidmore Owings and Merrill (SOM), which has designed other landmark developments such as the Sears Tower in Chicago and Burj Dubai.
At the unveiling CEO Atif Abdulmalik: “We are extremely proud to introduce a project with a distinctive design, strategic location and world-class development partners, which will make it a landmark development for Bahrain and the Gulf region.”
Turner International, one of the largest construction and project management companies in the world, will act as the construction and project manager.