JLL MENA real estate services in Bahrain
In 2005, the Government of Bahrain commissioned Skidmore, Owings, and Merrill (SOM) to undertake a national land use planning and infrastructure planning project. Completed in 2007, the Bahrain 2030 National Planning Development Strategies addresses sustainable land use development and its role in facilitating long-term economic growth. Despite the economic climate, Bahrain is proceeding with its development plans, albeit more cautiously and with more due diligence performed on the projects.
In the Capital Governorate, the fastest growing, most prominent area of Bahrain, mixed used projects such as Reef Island, Bahrain Bay, Bahrain World Trade Centre, and Bahrain Financial Harbour are establishing a new urban standard. The Seef District, which until recent reclamation works was open sea, is becoming the country’s business and retail hub. Many multi-national companies, including several banks, have established offices in the district and three of the country’s largest shopping centres, including the Bahrain City Centre, generate visitations, particularly weekend excursions from those living in
Saudi Arabia. In the Southern Governorate, ambitious projects such as Al Areen, Durrat al Bahrain and Danat Hawar are transforming the tourism and hospitality market in Bahrain.
Manama Office Overview - Q3 2011