Souq Al Buhair to be revamped

Manama : Amlak, the real estate investment arm and a wholly-owned subsidiary of the Social Insurance Organisation (SIO), will transform the existing ‘Souq Al Buhair’ into a modern mixed-used facility catering to the demand of the neighbourhood.

The announcement was made during a signing ceremony, held at Amlak’s headquarters in Bahrain Bay, appointing Al Hedaya Contracting to develop ‘Souq Al Buhair’. The ceremony was held in the presence of Amlak’s CEO  Mohamed Abdulelah Al Kooheji and Sayed Jawad Sayed Hashim Al Alawi from the contracting firm.

Kicking it off with the overhaul of Souq Al Buhair, Amlak has put together a strategic plan to re-develop all existing markets under its portfolio. 

Souq Al Buhair, strategically located in East Riffa, is of close proximity to a number of commercial and residential areas along with educational and medical businesses. The renovated souq will include 30 retail units and will be ready by mid-2017.

“We are pleased to appoint Al Hedaya Contracting as project developer. The company is backed with a wealth of experience in construction and urban development,” said Amlak’s Chairman, AbdulRahm Yousif bin Yousif Fakhro.

Further commenting on the project, Amlak CEO Mohammed Abdulelah Al Kooheji said, “The renovated Souq Al Buhair will meet the complete needs of the residents. It will be positioned as the ideal destination for their daily activities from shopping to entertainment.”

Among the new projects is ‘The 66’, a six-story residential building located in Umm Al Hassam, which includes fully-furnished apartments along with well-equipped recreational floor. Work will commence by December 2016. 

Also announced is the construction of ‘Mirage Palms’, a residential compound in Janabiya accommodating 30 residential units. Construction will begin early 2017.