Investment Update
 

Durrat Marina at
Durrat Al Bahrain

Durrat Marina, at the US$ 1.3 billion Durrat Al Bahrain project, is destined to become the first mixed use marina development of ts kind in the Middle East. Covering an area of 600,000 square metres, and catering to nearly 4,000 households, this specially designed waterfront project will comprise villas, town houses and apartments, commercial space, recreational facilities, cafes and restaurants. The Marina is expected to accommodate up to 400 boats and yachts. The design of the development will provide residents with splendid views of the open sea and the adjacent golf course.

Towards the end of July 2008, and after seven months of continuous hard work, Durrat Marian fully completed the project‘s land reclamation.

Durrat Marina is being jointly developed by Tameer and Durrat Khaleej Al Bahrain, a key component of US$ 3.5 billion Durrat Al Bahrain development. This luxurious residential, commercial and family tourism project, covering 20 square kilometres, is located on the south east coast of Bahrain. The largest project of its kind to date in Bahrain, it is a partnership between Government of Bahrain and Kuwait Finance House.Components include Atoll Islands villas, Petal islands villas, Crescent Island apartments, retail outlets and restaurants, a hotel and a golf course.

Durrat Al Bahrain is close to the Bahrain International Circuit, Riffa Golf Course, Al Areen Desert Spa & Resort, and the proposed Bahrain-Qatar Friendship causeway. Durrat Marina has an expected IRR of 25 % over a three-year period.

For more information about Durrat Al Bahrain Marina, visit www.durrat-marina.com.

Al Khaleej Development Company B.S.C.