NS Holding Company plans investing BHD100 million for the infrastructure development work of its project Nurana during the coming five years.
The $1-billion project, which lies 9-km west Manama, is owned by the company and it sprawls over a total area of 2 million sqm. The project lies on a waterfront overlooking Bahrain Fort and in a close proximity of Seef district.
The project contract was awarded to the leading Manara Real Estate Development. The company will be entitled to manage and develop the project which will feature coastal villas, water-view apartments, retail, entertainment, tourism, and office amenities.
The project construction works includes developing a tunnel linking between Nurana and Marsa Al Seef project.
The chairman of NS Real Estate Yousif Abdullah Taqi said that major investments like Nurana sufficient to stimulate the local market.
Taqi praised the wise leadership efforts in supporting investment and infrastructure projects, and in cooperating with real estate developers for the advancement of real estate sector in Bahrain Kingdom.