TDT | Manama The Daily Tribune – www.newsofbahrain.com Municipalities and Agriculture Minister Wael bin Nasser Al Mubarak visited the second phase of the King Faisal Corniche and The Avenues-Bahrain project. The project's expansion is about 103,000 square metres and is expe
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Municipalities and Agriculture Minister Wael bin Nasser Al Mubarak visited the second phase of the King Faisal Corniche and The Avenues-Bahrain project.
The project’s expansion is about 103,000 square metres and is expected to be completed during the first half of 2024.
The Minister was briefed on the implementation stages of the project, which consists of green spaces, complex building, hotel apartments and car parks.
Al Mubarak affirmed the government’s interest in promoting development projects to contribute in achieving Bahrain Economic Vision 2030 through partnership with the private sector, and provide various and advanced services and facilities to serve citizens and residents.
“The total amount invested in the expansion of the project is about BD70 million, with a financial contribution from the developer company worth BD5 million to develop the road network surrounding the project, and a total benefit amount of about BD33 million,” the Minister said.
He added that the expansion will motivate the economic sector in the Kingdom and support the tourism sector.
