Esterad Amwaj, the company behind Amwaj Gateway, has started completing the development work of the project, which is one of the largest real estate projects in Bahrain.
Amwaj Gateway spans 33,000 sqm and is situated at the entrance of the innovative, waterside complex called Amwaj Islands; a series of man-made islands located 10.5km northeast of Bahrain’s main island off the coast of Muharraq.
Esterad Amwaj is an alliance between Esterad Investment Company and Promoseven Holdings. The new company acquired the Amwaj Gateway real estate project last June.
Esterad Amwaj managing director Akram Miknas said: “The completion of the Amwaj Gateway project will be carried out in three phases. All the development work will be fully completed within five years, at a total cost of approximately BD75 million.”
Mr Miknas confirmed that: “Esterad Amwaj Company received a technical report from a specialised consulting company, which indicates that the project’s foundations and structures are in an excellent condition.”
He is confident that this will accelerate the completion of the supplying and cladding operations.
In connection with the project, Mr Miknas mentioned: “The housing units will be redistributed and divided within some of the towers located within the project in terms of the number of rooms and their uses. This was based on the results of a study conducted by a real estate research company that specialises in the development needs of real estate markets”.