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Manara Developments, a Bahrain-based real estate development company established by Al Salam Bank Bahrain and strategic investors from across the GCC, has obtained the requisite environmental approvals for the development of its Nurana project in Bahrain.
The project is owned by NS Holdings Company and managed by Manara Developments.
Dr Hasan Al Bastaki (pictured), Manara's managing director, said: "We are pleased to have obtained the environmental approval which allows us to start the reclamation work on the project site.
"We have also reached an agreement with the international contractor, Great Lakes Dredge & Dock Company, to handle the reclamation. The first phase is expected to take around nine months and will cost BD8 million."
Nurana is a large urban development close to the Seef district. Approximately 60 per cent of the project will be designated for residential units, while the remaining 40 per cent will be for commercial and tourist purposes, as well as other amenities.
