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Tag: bahrain

Construction & Real Estate

Bahrain proposes mandatory NOC for property transactions

Buying a property in Bahrain could soon come with an added layer of protection after the kingdom’s Capital Trustees Board backed a proposal requiring a No Objection Certificate (NOC) confirming a building is free from hidden municipal violations before a sale is completed, said a report. ...

Construction & Real Estate

Acwa sole bidder for major Bahrain water project

Bahrain's Electricity and Water Authority (EWA) has announced that top Saudi utility developer Acwa has emerged as the sole bidder for Hidd Independent Water Project. The company submitted a levellised cost of water (LCOW) bid of BD0.276 per cu m....

Construction & Real Estate

Bahrain outlines AI-driven digital government plans at Smart Cities Summit

Bahrain's Information & eGovernment Authority (iGA) highlighted the kingdom's digital transformation strategy and plans to expand the use of AI and data-driven government services as it seeks to boost its position as a leading regional and global model in digital transformation and smart cities. ...

Construction & Real Estate

Acwa, Taqa in race for Bahrain’s key Sitra IWPP project

Bahrain's Electricity and Water Authority (EWA) has announced that it has received bids from two leading utility developers - Saudi Arabia's Acwa and Abu Dhabi National Energy Company (Taqa) - for the multimillion-dollar Sitra Independent Water and Power Project being set up in the kingdom on a build-own-operate model. ...

Construction & Real Estate

Bahrain secures IsDB funding for major highway, industrial city projects

Bahrain has signed key financing agreements with Islamic Development Bank (IsDB) for the King Faisal Highway Project and the Salman Industrial City Expansion Project. This comes as part of the kingdom's efforts to implement strategic projects in vital infrastructure sectors. ...

Construction & Real Estate

New 3.4km road opened in Bahrain

Bahrain's Deputy Prime Minister Shaikh Khalid bin Abdullah Al Khalifa has inaugurated Shaikh Abdullah bin Salman bin Khalid Al Khalifa Avenue, linking Hunainiyah Avenue and Al Muaskar Highway in Riffa....

Construction & Real Estate

Investcorp unit buys over $200m US industrial real estate portfolio

Investcorp, a global alternative investment firm based in Bahrain, has announced that one of its key units, Investcorp Capital, has acquired a diversified US industrial real estate portfolio worth $200 million. It comprises 19 industrial properties spanning over 1.4 million sq ft across DFW, Chicago, Indianapolis and Cincinnati. ...

Construction & Real Estate

Bahrain issues public tender for strategic highway project

A major multi-million dinar upgrade of one of Bahrain’s busiest transport corridors – Shaikh Jaber Al Ahmed Al Sabah Highway – has entered the tender stage after royal ratification of its financing agreement....

Construction & Real Estate

Bahrain's NBH cycling loop gets solar-powered calling units

Bahrain's Works Ministry, in collaboration with Northstar Technology, has implemented an advanced, solar-powered emergency communication system along the NBH Loop, a 50-kilometre dedicated cycling, running, and walking track located in Zallaq....

Construction & Real Estate

Al Baraka seals housing finance agreement with Eskan Bank

Al Baraka, a leading Islamic bank in the Kingdom of Bahrain, has announced that it has signed the third addendum to the housing finance programmes agreement with Eskan Bank. This step incorporates the “Sale of Residential Units Prior to Completion” programme under the framework of their joint co-operation. ...

Construction & Real Estate

Diyar Al Muharraq launches exclusive waterfront residential plots

Diyar Al Muharraq, a leading real estate development company in Bahrain, has announced the release of its premium residential seafront plots within its Mozoon development. This exclusive selection features 13 plots, meticulously positioned to offer direct and breathtaking views of the Main Canal. ...

Construction & Real Estate

Tabreed awards EPC contract for key Bahrain district cooling project

Tabreed Bahrain, a leading provider of sustainable district cooling solutions in the kingdom, has appointed Arabian International Company as the engineering, procurement and construction (EPC) contractor for the expansion of its chilled water network in the northern seafront area of Manama. ...

Construction & Real Estate

Three utility firms in race for New Sitra 400kV Grid Substation project

Bahrain's Electricity and Water Authority (EWA) has announced that three utility firms are vying for the contract to develop 400kV and 220kV feeder cable works as part of the New Sitra Grid Substation project. The scope of work includes design, manufacture, supply, installation, testing and commissioning of the feeder cables. ...

Construction & Real Estate

New waterfront project set to open in Bahrain next year

Bahraini authorities said a new waterfront project designed with families in mind is taking shape in the Northern Governorate and is set to provide residents with free access to diverse leisure amenities when it opens next year, said a report. ...

Construction & Real Estate

Bahrain says historic Manama Suq revamp set for Q4 completion

Bahraini authorities has announced that a major revamp of Manama’s historic suq is currently underway, with the redevelopment of the covered arcade and the Bab Al Bahrain complex scheduled for completion by the fourth quarter, said a report. ...

Construction & Real Estate

Framework agreement for $340m Shaikh Jaber Highway Phase II work approved

The framework agreement for the financing of the second phase of the Shaikh Jaber Al Ahmad Al Sabah Highway Development Project, estimated at nearly BD129 million ($340 million), has been approved by His Majesty King Hamad bin Isa Al Khalifa of Bahrain, said a report. ...

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