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20-Aug-2017

Saada West hits first milestone

Saada West hits first milestone

Manama, Bahrain, 20th August 2017: The progress of reclamation work at the site of the Saada West development in Muharraq was highlighted in an announcement by Bahrain Real Estate Investment Company (Edamah), the real estate arm of the Bahrain Mumtalakat Holding Company (Mumtalakat), this week. To date, 5% of land reclamation for the seafront mixed use development has been completed.

 

Endorsed by HRH Prince Khalifa bin Salman Al Khalifa, Prime Minister, in October last year, this latest real estate development underway by Edamah, consists of a total site area of 18,100sqm. Answering community needs, Saada West will feature a promenade alongside the harbour with dedicated retail and dining experiences, entertainment facilities and an amphitheatre, opposite a modern marina for the mooring of boats.

 

Alongside the contemporary retail spaces which will be connected to the city’s traditional souq, a much needed car parking facility will be built in line with the requirements of local inhabitants and visitors. Throughout the different phases of the project, over 1,000 jobs are expected to be created.

 

‘Edamah’s mandate to build signature destinations and support community living is reinforced in the Saada development,’ commented Edamah Acting CEO, Mahmood Hashem Alkooheji. ‘By building the Muharraq seafront area and its landscape, Saada has been designed to enhance community lifestyle choices, bolstering the surrounding cultural environment, local traditions and events.’

 

‘Saada has been guided by the vision of the Prime Minister, HRH Prince Khalifa bin Salman Al Khalifa, whose immense enthusiasm has supported its realisation from concept to development’ added Alkooheji. ‘With travel and tourism constituting 10.7% of total available jobs in the world, Edamah’s drive to develop tourist destinations will contribute to the diversification of the national economy, creating skills and generating employment opportunities across the sector and its supporting industries.’

 

According to the World Tourism Organisation (WTO), cultural tourists have a high economic impact as they stay longer and spend more money at their destinations than general tourists. An instrument of peace-building and dialogue, cultural tourism is particularly popular amongst younger generations - Millenials and Generation X.

 

 

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