Bahrain eyes buyout of Sama Dubai project
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Bahrain eyes buyout of Sama Dubai project

Bahrain eyes buyout of Sama Dubai project

Mohammed Bin Essa al-Khalifa, chief executive of the Bahrain Economic Development Board, has said Bahraini investors are in talks with Sama Dubai to buy out its stalled project to build a luxury seashore resort in its capital city Manama, Bloomberg has reported. Sama Dubai, a unit of Dubai Holding, began the $545m Salam Beach Resort and Spa project in November 2005, construction stopped in January last year, according to MEED magazine.

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    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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