Eturbo News As part of a major tourism infrastructure development initiative in Bahrain, the master plan of the US$100 million Al Waha Resort was unveiled by Bahrain-based Enshaa Development Real Estate Company (EDREC).
The move, EDREC says, is aimed at energizing investments in Bahrain’s tourism infrastructure, enhancing its appeal as the region’s leading leisure destination.
The vice-chairman of Al Areen Holding Company (AHC), Esam Janahi, at the unveiling, said: “Tourism and real estate are among the key drivers identified for the economic diversification of Bahrain. This, coupled with the rising number of residents and business visitors, has created huge demand for up-market residential and commercial units.
“AHC is well-positioned to capitalize on the huge demand unleashed by these sectors in partnership with the reputed EDREC.” Janahi added: “Al Areen, in association with Enshaa, is pleased to launch Al Waha Resort at Al Areen development.
“Al Waha Resort is made up of an artful mix of recreational, residential and commercial offerings adding tremendous value to Bahrain’s tourism and real-estate sectors. It is in sync with the overall strategy and design of Al Areen development.”
Located in close proximity to the Lost Paradise of Dilmun water park, the resort is designed to blend business and upscale living.
“The master plan model and design of Al Waha Resort, comprising a luxury hotel, executive serviced apartments and condominiums, will add a new global chain to the Kingdom to run or perhaps manage the new project, EDREC Chairman Shaikh Hisham bin Abdulrahman Al Khalifa told Bahrain Tribune after the launch of the project.
The resort had been designed by Australia-based architectural firm, Spowers. Besides lending a new dimension and diversity to the lifestyle at Al Areen, the resort adds tremendous value to the portfolios of property investors. |