Al Areen Holding Company sells prime land parcel for mega resort to Bahrain-based Enshaa Development Real Estate Company

The mega resort will spread across 51,900 square metres at the north-eastern end of the Al Areen development, adjacent to a large shopping mall and Arabian Souq. The mixed resort location is a prime one within the project premises, overlooking a world-class water park to the west as well as the Al Areen Wildlife Sanctuary, and at the entrance to Al Areen Downtown, with views of the cliffs to the east.

Terming the sale of the resort is as a reinforcement of Al Areen's long-term potential to maximise returns, Sheikh Ahmed bin Ali Al Khalifa, Chairman of the Al Areen Holding Company, said: "The sale of the mega resort follows a series of strategic high-profile investments in the mixed-use project. Enshaa Development Real Estate Company is a newly established development company based in the Kingdom of Bahrain, and we are proud to partner with them to expedite the development of Al Areen."

Elaborating on the investment by Enshaa, Sheikh Ahmed bin Ali said:

"The mega resort will form an important landmark within the Al Areen environment and, along with other components of the project, underline the diversity of this prestigious mixed-use project, which hopefully will catalyse the flow of family tourists to the Kingdom of Bahrain."

Conveniently located within reach of all major commercial, entertainment and recreational areas of Al Areen, the resort will add value to the development, enabling the project's mission to accelerate the flow of tourists into the Kingdom, and increase the sector's share in the country's GDP.

Commenting on his company's partnership with Al Areen, Sheikh Hisham bin Abdulrahman Al Khalifa, Chairman of Enshaa Development Real Estate Company, said: "We look at our association with the Al Areen development as a strategic milestone, building our reputation as one of the leading real estate and property developers in the Kingdom of Bahrain. Al Areen being a high profile project in the Kingdom as well as the region, we consider our involvement with it as both a privilege and an opportunity to take part in the development of the Kingdom's tourism infrastructure."

Elaborating on the mixed resort project Sheikh Hisham added, "That the development master plan envisaged 250 room hotel, multi purpose hall, 91 executive serviced apartments and 120 condominium for sale. In addition, the development will be managed by an International operator that will be announced soon"

The resort will be directly connected to the mall adjacent to our development which will add more attraction to resort guests.

The design of the resort has been awarded to Spowers an international architecture and development firm from Australia who are currently working with an international operator to finalize the design of the resort for the official launch of the project that is expected to be in the end of November of this year.