Durrat Marina, one of the Kingdom’s leading marina-based real estate development projects, announced signing an agreement with Tamcon, a Bahrain-based grade AA civil and building construction company, for developing 18 villas on residential plots within its master plan.
The agreement was signed on Durrat Marina grounds by Waleed Saffy, CEO of Durrat Marina and Abdulla Alabbasi, CEO of Tamcon in the presence of Othman Janahi, the CIO of Durrat Marina.
The agreement will result in a strip of 18 residential villas on plots of approximately 310 sqm. Development works are to complete within 24 months from groundbreaking.
Phase one of this marina is already operational, serving several yachts and boat owners.
CEO of Durrat Marina, Engineer Waleed Saffy, said, “The key elements in the initial phase of Durrat Marina’s development, including seafront villas, residential apartments, a yacht club, and a vibrant marina were all launched, rapidly sold, and delivered. Today, we are excited to see a new phase of residential units being designed and developed.”
CEO of Tamcon, Abdulla Al Alabbasi, said, “The new residential zone in Durrat Marina covers a total area of approximately 5,600 sqm, in a location which is perfectly situated to integrate with the key commercial and leisure components of the overall Durrat Marina
project.”
It is worth noting that Durrat Marina is one of the largest waterfront developments in Bahrain. The project, comprised of three interconnecting islands, is valued at approximately US $ 1.5 billion and boasts open sea facades .
