Bahrain Bay

A joint venture between Arcapita and a Bahrain-based consortium of investors that, through a visionary master plan, is helping to write the story of Bahrain’s tomorrow. The project’s vision is the epitome of a 21st century urban metropolis with residential, commercial and retail spaces – all strategically located around the Manama waterfront. The Kingdom’s first Four Seasons Hotel and the headquarters of Arcapita Bahrain Bay are the anchor developments within Bahrain Bay. The infrastructure is complete and land parcels sold, creating a valuable legacy for future generations.

Background

The vision and planning process for Bahrain Bay commenced in 2005, with construction work starting in 2007. The concept was based around an island connected by two bridges forming an inner harbour. The total land area is 450,000 sq m and approximately 40 buildings are planned for the site. A sustainable and environmentally friendly approach has been used in the site’s development with district cooling, wastewater management, irrigation and greenery.

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Why Bahrain Bay?

The foremost reason for selecting Bahrain Bay for investment was its strategic location. Positioned at the center of Manama, alongside the financial district and distinguished by an extensive waterfront, it made commercial sense. A new bridge and interchange is under development, which will provide an even faster link to Muharraq and the airport, and in the longer term, to a new outer causeway and bridge to Saudi Arabia. Moreover, Bahrain as a whole is geared for business, being a main trading gateway and the financial center of the Middle East with over 400 banks and 140 insurance companies just being a single part of a modern and diversified economy. Hence, Bahrain remains an attractive business proposition and benefits from the lowest operating and living costs in the GCC.

Our Approach

From the outset, the founders of Bahrain Bay aimed to create a unique 21st century metropolis, ethically and sustainably designed to be a center of excellence and a true investment destination. For this vision to come to fruition, talented and reliable partners have been attracted at every stage. Skidmore, Owings & Merrill LLP, one of the most influential architecture, interior design engineering and urban planning firms in the world drew up the initial master plan and a joint venture with European energy services company, Veolia, was established to supply district cooling for the entire development in the most sustainable way possible. Moreover, beautification was considered at every stage with renowned local landscapers Nass developing Bahrain Bay’s promenade. Cultural considerations and tourism potential have been factored in through partnership with the Bahrain Authorities for Cultural and Antiquities (BACA) and the Bahrain Tourism & Exhibition Authority (BTEA). Bahrain Bay has since been a favored location for the annual Sea Festival that pays homage to the Kingdom’s rich seafearing heritage, family events such as the Food Festival, music concerts featuring renowned, international artists such as UB40 and Sir Tom Jones to name a few.

Impact

Every development designed for one generation should consider the next. The ethics of Bahrain Bay were formed from four responsible pillars, namely Community, Sustainability, Energy Efficiency and Environment – leading to Bahrain Bay’s positioning as a Smart City. The need to preserve precious resources and use considerately sourced materials for construction played significant parts in the site’s development, and third-party developers had to comply with strict criteria. Environmental considerations were put in place through Bahrain Bay’s energy-efficient subterranean district cooling and water treatment.

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Today

Given that the infrastructure is complete and land parcels have been sold, Bahrain Bay is focusing on developing public spaces including the Promenade, a waterfront walkway lined with kiosks. International brands are cementing their presence, combining food and beverage offerings with social activities to entice a steady footfall to the area. Bahrain Bay is respecting Bahrain’s past as well as creating the future with several cultural events planned in collaboration with government entities to promote art and heritage in addition to supporting CSR activities with local organizations such as Cancer Walk-a-thon and Olympic Day celebrations. On the sidelines, the location is also gaining popularity for hosting of commercial events and product launches. This year is also earmarked for the opening of the Wyndham Hotel and United Tower offering corporate office space. Concurrently, construction of Waterbay, the luxury 3-building complex by Bin Faqeeh is on track and slated for a partial completion in 2018.

ARCAPITA Key Value Creation Achievements

  • Realizing a well-designed masterplan in phases
  • Sale of land plots
  • A sustainable infrastructure complete with utilities and amenities
  • Establishment of a technical interface office that assists developers and investors through building permits & local authority approvals
  • Professional support to developers in accelerating the construction of their projects
  • Considerately designed public realm that is a popular venue for social and community events

Bahrain Bay Investment Merits

  • Creation of a unique and attractive investment destination located in the capital city of Bahrain
  • First masterplan in Bahrain to offer land parcels as freehold title
  • All land parcels fully equipped with infrastructure
  • Home to impressive architectural landmarks such as the Four Seasons Hotel and the Arcapita headquarters
  • Premier address for business, residential living and leisure activities
  • Development of public spaces that will promote a rich social, artistic and cultural environment
  • Infrastructure and public spaces to be maintained in perpetuity
  • A legacy built for Bahrain and its future generations

People With Whom We Invest Know Our Difference

Gagan Suri
CEO Bahrain Bay Development

“As Bahrain Bay’s major shareholder, Arcapita has helped to build a modern metropolis and created a legacy for future generations. We are proud to have Arcapita as our partner for this development.”