Bahrain Bay Development, the development behind the $2.5 billion waterfront metropolis located off Manama’s northern shore, has announced the commencement of construction work on two of its anchor developments – Arcapita’s new headquarters and the kingdom’s first Four Seasons hotel.

“Both developments are well into their initial phases of construction, with reclamation completed and infrastructure developed,” says a spokesman for the developer.
Upon completion, scheduled for late 2008, the new Arcapita headquarters will offer 18,000 sq m of office space housed in an iconic, elongated, modern design. The Four Seasons hotel will contrast the design of the Arcapita headquarters by offering 220 premium hotel rooms within its 285-m-high tower, which will be based upon its own island and open to guests from 2010.
“We intend Bahrain Bay to set a new standard for urban living in the region by creating a modern metropolis that will become the driving force of the redevelopment of Manama’s city waterfront and underpin a sustainable legacy for the kingdom,” says Bob Vincent, CEO of Bahrain Bay.
“We are seeing the beginnings of what will become a fusion of vibrant neighbourhoods, open spaces, entertainment, retail and commercial areas. Bahrain Bay will offer exceptional development and investment opportunities and ultimately, an inspiring urban lifestyle on the waterfront for residents and visitors.”
With the completion of the first phase of the project, which saw the reclamation and infrastructure development of 430,000 sq m of land, Bahrain Bay has now moved into its second phase, where its anchor projects will be developed. These include the $600 million Raffles City Bahrain that will be developed by CapitaLand, one of Asia’s largest real estate companies, as well as a $150 million investment by a joint venture between Ajmera Group and Mayfair Housing, both major Indian property groups, to acquire land and develop one of the tallest residential buildings at Bahrain Bay.
The Bahrain Bay project has won the International Arch of Europe, a global award for excellence in planning and decision-making.