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Monday, November 30 - 2009

Phase one and two of Durrat Al Bahrain near completion

Durrat Al Bahrain, the Kingdom's largest planned luxury residential, commercial and resort development - today announced a major progress with the finalization of infrastructure works in seven islands in the in 3 billion USD project.

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  • Durrat Al Bahrain.
    Durrat Al Bahrain.
Villas of the first phase of the project will be delivered to the owners by the end of the year 2007.

As part of phase one and two villa construction, work is well underway on 890 villas at the landmark project which are expected to be delivered to owners between the end of 2007 and mid 2008.

Contracts for construction of villas in phase one and two worth more than 210 million dollars were awarded to Bahraini companies for the establishment of the villa and the relevant infrastructure projects.

Commenting on the announcement, Mr. Abdulhakeem Alkhayyat, Chairman of Durrat Al Bahrain, said, "We are pleased to reach this key milestone as we are approaching the completion of the first phase. We have achieved great progress and are looking forward to delivery of these unique villa to eager homeowners that are ready to start the unique resort lifestyle being offered at Durrat Al Bahrain.

Also commenting on the award, Mr. Jassim Al Jawder, CEO of Durrat Al Bahrain, said "We are pleased with the progress being made to date in infrastructure projects including the motorway that links the development to Manama city . We have also completed construction of all bridges that link the project's islands to the mainland as well as the over all water and sewerage system networks."

Durrat Al Bahrain has been planned as a world-class residential, tourist destination, offering a lifestyle experience unrivalled in the Middle East. Upon completion in 2010, it is expected that there will be more than 60,000 permanent residents as well as some 4,500 visitors a day.
In addition to the 12 islands and the crescent which will represent the commercial heart of Durrat Al Bahrain, the project will also boast a world class marina and an 18-hole golf course that will be constructed by a world leading golf course design and operating company.
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Notes and media contacts

About Durrat Al Bahrain
Durrat Al Bahrain is owned by the Durrat Khaleej Al Bahrain Company, in which the Government of the Kingdom of Bahrain and Kuwait Finance House - Bahrain each hold a 50 percent stake. Durrat Al Bahrain, a 20 square kilometre area of pristine waters and untouched beaches, once complete, is expected to be approximately the size of Manama, Bahrain's capital city.

The master planner/architects of the project are W.S. Atkins, the renowned engineering design and consultancy, and project/development manager is KMC Bovis, a joint venture between the Kuwaiti Manager Company and Bovis Lend Lease.

Media Contact:
Nabeela Mohamed: Financial Dynamics
Tel: 17 537 072
Fax: 17 534 620

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