

AL BILAD Real Estate Investment has awarded a contract worth $25 million to Al Hasanain Company to build the quay walls for its Water Garden City located in the Seef district in Bahrain.
Al Bilad, which has its headquarters in the Bahrain Financial Harbour, will set up Water Garden City at a projected cost of BD1 billion ($2.65 billion), over several phases.
The contract marks the launch of the first phase of the project in the seafront area in the vicinity of the Seef.
Under the terms of the contract, the 3-km quay walls will have to be completed within a period of two years.
Designed by HOK and Scott Wilson, Water Garden City consists of commercial buildings, offices, shops and restaurants, overlooking the waterfront and marina, besides sea-view residential buildings.
It is expected to accommodate about 25,000 people in the long term, and attract nearly 10,000 visitors a day. The project has also planned to include four hotels including a beach hotel, a marina hotel and a floating hotel.
Al Bilad Real Estate Investment general manager and engineer Ziad Abdullatif Janahi and engineer Jassim Hussein of Al Hasanain Company signed the agreement.
Janahi said the tender was awarded to Al Hasanain following competitive bids, which were held in several phases and a series of negotiations and discussions with local contractors and external auditors.
He also said the project’s board of directors led by chairman Sheikh Hisham bin Abdulrahman Al Khalifah, was determined to create a venture whose goal was to reduce the use of rocks in line with marine protection, with the quay walls creating a distinctive waterfront for the Seef district.