Bin Faqeeh to deliver $270 million worth projects

Manama : Bin Faqeeh, a Bahrain-based privately owned real estate investment company, announced it will start delivering $270 million worth of real estate development projects to the owners during the first quarter of 2017. 

The list of real estate development projects that will be delivered includes: The Grand, Plus, The Nest, Dar Tower, Forbes Tower, The Treasure, 360° and The Tweet.

Commenting on the move, Faisal Faqeeh, Chairman of Bin Faqeeh said, “With the completion of these 8 real estate development projects, the total number of delivered projects will reach 30 projects, which constitute 80 per cent of total projects in the pipeline.”

The company also said it has completed 30pc of the construction works in the “Water Bay” project, which is a three residential towers project built in Bahrain Bay and consists of 196 apartments each, a total of 588 apartments. The same applies to “Hidd Heights”, which is a 13 floors residential tower built next to Prince Khalifa bin Salman Park and includes apartments of different sizes.

Construction work in ‘Alsidra’ project is slated to start in the end of the first quarter of 2017, the statement said. This project, according to Bin Faqeeh, is a luxury villa community with 465 villas of varying designs and capacities located at Diyar Al Muharraq. Work is also in progress at the ‘Layan’ Project.

Looking ahead, Bin Faqeeh said it is implementing its “Limited 5” plan, which entails the launch of an exclusive limited edition luxury project each year for five years. These properties will reward its tenants with luxurious lifestyle experiences unlike any in the entire GCC.

“The company also intends to expand its operations to the rest of the Gulf countries in the near future,” Faqeeh said.