Under the Patronage of His Royal Highness Prime Minister of the Kingdom of Bahrain Prince Khalifa bin Salman Al Khalifa, Diyar Al Muharraq will officially open Dragon City this morning in the presence of senior government officials, members of the top level management of Diyar Al Muharraq and invited businessmen and dignitaries from the Kingdom, in addition to local and regional media representatives.
The chairman of Diyar Al Muharraq, Mr. Abdulhakeem Alkhayyat expressed his deep gratitude and appreciation to His Royal Highness the Prime Minister of Bahrain for his patronage of the official inauguration of Dragon City and said: “It is a great honour for us to be holding the official opening of Dragon City under the Patronage of H.R.H. the Prime Minister whose presence is indeed a true reflection of his great concern and support to projects that will further enhance the Bahraini economy. We at Diyar Al Muharraq are totally committed to be active and major participants in supporting our national economy and to developing and diversifying investments in order to attract further investment in the kingdom due to its benefit to the Kingdom as a whole and to the people of Bahrain.”
“In its enormous success in attracting a substantial number of Chinese investments as well as a vast number of businessmen and women and tourists from both the Kingdom and the region, Dragon City has already played a significant role in enhancing the growth of our economy and it will continue to do so as it is set to create many employment opportunities for the skilled Bahraini workforce,” he added.
Speaking on this occasion, the Chief Executive Officer of Diyar Al Muharraq, Dr. Maher Al Shaer, said: “I would like to extend our sincere gratitude to His Royal Highness the Prime Minister for gracing us with his patronage of the official opening of Dragon City and also for his continued support to commercial and economic projects in the Kingdom. Dragon City is considered to be a modern business module and represents the advanced architectural and economic level which the Kingdom is witnessing on different fronts. It is also a testament to the trust placed by foreign investors in the Kingdom due to the solid and secure investment environment it provides, in addition to it being an open economy that encourages both property development and commercial investments alike.”
Dragon City will open its doors to welcome the public at 12:00 noon today.
At a total cost of $100 million, Dragon City is spread over a total land area of 115,000 square meters with a built up area of 56,000 square meters. It is the first of its kind development in Bahrain, which will offer unique wholesale and retail opportunities to local consumers, trade customers and tourists. Dragon City encompasses Dragon Mall and a themed “Dining Village”.
The Mall design is influenced with Chinese architectural and cultural aspects incorporating over 360 commercial units for both retail & wholesale trade, and additionally a 4,500 square meter area designated for warehouses and a car park large enough to accommodate 1,500 cars.
Dragon City has succeeded in attracting hundreds of Chinese industrial and trade companies as the occupancy rate has reached 95% of which 10% is leased by Bahraini Companies.
Also, as of today, 60% of the total commercial units are ready to welcome visitors, offering customers a large variety of products including, construction material, lighting equipment, furniture, electronics, electrical appliances and fashion wear for adults and children in addition to a Food Court.
In celebration of the Grand opening of Dragon City, Chinamex is holding a 3-day Chinese-style artist performance and Chinese branded car raffles to the public, giving the people in Bahrain a chance to experience Chinese culture and Chinese made products.
Diyar Al Muharraq is a unique master planned city for the people of Bahrain offering range of housing options and quality lifestyle. Diyar Al Muharraq offers a cohesive mix of residential and commercial properties with a strong line up of projects aimed at creating a long term and sophisticated township.