Al Tijaria, Kuwait Resorts invest in Dilmunia Island
Chairman of Al Tijaria Real Estate Company Abdulfatah Marafie and Vice Chairman and CEO of Kuwait Resorts Company Ibrahim Al Ghanim, (one of Al Tijaria’s sister companies) have announced the signing of agreements with Ithmar Development Company represented by its CEO Mohammed Khalil Alsayed for the purchase of a plot in the man-made Dilmunia Island.
This investment will be developed into a unique residential complex with an equal ownership between Al Tijaria Real Estate through its subsidiary company in Bahrain “The Commercial Real Estate Development Company” and the Kuwait Resorts Co.
The investment consists of 30,700sqm beach front property on Dilmunia Island, which will be developed to offer residential complex consisting of waterfront villas, and apartments, a range of luxury apartments overlooking the man-made waterfalls.
The development is set to include over 300 residential units set in lush landscaped surroundings. It has also been stated that the project will be designed by engaging an international renowned design consultant to provide a unique and exotic designs that take advantage of its surroundings.
Construction is expected to commencewithin2016.
It’s worth mentioning that Dilmunia island, a name inspired by Bahrain’s ancient civilization of Dilmun, is a mixed-use project built on by Ithmar Development consisting of 125-hectare man- made island off the coast of Muharraq. Dilmunia will
include residences, hotels, leisure and shopping districts anchored around a health and wellness cluster.
The island is located close to Bahrain International Airport, Amwaj Islands and Diyar Al Muharraq with easy access to Saudi Arabia via the King Fahd Causeway.
Photo Caption: Signing the contract
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