$530m project to revamp Manama Central Market
New market includes four 28-storey towers, cultural centre, park
A $530.4m project to revamp the Manama Central Market in Bahrain has been announced, and is expected to be completed in six years.
Tashgeel for Commercial Buildings Management has been awarded the contract to supervise the project.
The development plan for the project was first announced in January 2008. However, it was delayed due to complications brought about by the global financial crisis.
The project will include a new central market, which will be named the Capital Trade Centre. The new centre will also include four 28-storey office and shopping towers, car parking, a five-star hotel, a cultural centre and a park.
"Bahrain's infrastructure is something we are very proud of," said Deputy Premier Sheikh Khalid bin Abdulla Al Khalifa. Municipalities and Urban Planning Affairs Minister Dr. Juma Al Ka'abi said the project has already garnered international notice.
"We have already received interest from GCC and foreign investors to take a share in the project, whether in office space, the hotel or other facilities," said Dr. Al Ka'abi.