Main Site Media Group English عربي Contact us

About us

Home Page
Top 10 GCC Cities ●●● and Real Estate Leaders Achievements 2011
    • Yearl Membership

    • Business and finance group launches Top 10 GCC Cities project about real estate leadership and achievements. The launch of this media and economic project comes to cover
    • Economic Accomplishments

    • This event is regarded as the first joint economic Gulf grouping between the performances of the secretariats and municipals of the Top 10 GCC Cities.t
    • Letters of the Strategic Support

    • Letter of Ministry of Municipal and Rural Affairs Letter of Jeddah Municipality Letter of Jeddah Municipality 2 Letter of Holy Capital Letter of Eastern Province Municipality
    • Program Features and Activities

    • This program is the first and largest specialized event which highlights the main accomplishments and those being implemented in the top (10) ten GCC Cities
    • Unlimited Investments

    • The Board of Directors of the Business and Finance Group expresses to you its regards and wish you further progress and prosperity, and we are pleased
    • Registeration Application

    • The Business & Finance Group is pleased to invite you to participate in the Forum & Ceremony of Real Estate Leaderships and Accomplishments of GCC Cities under the sponsorship of Jeddah
    • Electronic Information Center

    • Info ME Information Center electronic specialist section in queries with regard to electronic companies, sectors and information about companies, you can ask a question and be
    • Program of Advertising Participant

    • The Group has allocated an extensive media coverage for all the audio, visual and text media in order to deliver the information needed locally, regionally and internationally
    • Sponsorship Category

    • includes the publishing of (10) issues, where an issue is published each month for each a city participating in this event, as per the rank of each Gulf city in this letter, and the issues are published monthly by the Business & Finance Club Magazine, which is one of the Group’s media activities
   
 

Bahrain plans hotel at $450m location

Business & Finance Club - Manama : Bahrain’s councillors have given a conditional go-ahead to build a four or five-star hotel at the BD170 million ($450 million) Villamar development in the Bahrain Financial Harbour.

However, Kuwait-based real estate developers Gulf Holding Company (GHC) will have to get approval from all government bodies concerned from scratch, since the original building permit was given on special grounds.

Manama Municipal Council is now urging the developers to visit the One-Stop Municipal Shop in Tubli to get their licences to avoid their plans being delayed.

Villamar, located within the prestigious $1.3 billion Bahrain Financial Harbour, covers 32,000 sq m and incorporates the twisting towers, floating villas and a terraced podium.

The residential development offers 494 apartments, 59 villas and six penthouses.

Facilities include a rooftop chairman's club, health club and spa, swimming pools, tennis courts and other recreational amenities.

'The buildings exist and we are not giving developers a permit for an additional building,' said council technical committee chairman Hameed Al Basri.

'They just want the middle building turned into a five or four-star hotel, which we believe is acceptable, but not on the original special building permit given to them.

'When the municipal licence was granted years ago, it was for a residential project and a hotel is not one of them.

'It changes the whole calculations carried out by government bodies concerned like the Electricity and Water Authority, the Works Ministry and Manama Municipality and new assessments have to be carried out to ensure that there are no utility and infrastructure overloads.'

Al Basri said the council had no problem granting the hotel plan the go-ahead, if developers got their licences from scratch.

'We have already given it an initial conditional go-ahead, but developers have to visit the One-Stop Municipal Shop to get approvals, as if they are applying for a new project,' he said.

'It is up to the developers to get their papers ready as soon as possible for new councillors elected next month to give them the green light. We don't think that forcing developers to accept things is a policy we are keen on and we hope they will come forward voluntarily,” he added.

 

 
Kingdom to make cars for Gulf and N. Africa
Economic Achievements : Saudi Arabia
UAE Ministry of Health launches iodine deficiency screening progamme
Economic Achievements : United Arab Emarites
Jabal Omar signs $906m contract for mega project development
Economic Achievements : Saudi Arabia
Emaar Properties enters collaboration with Emirates Healthcare Limited on healthcare portfolio
Economic Achievements : United Arab Emarites
King Fahd University to introduce environmental studies
Economic Achievements : Saudi Arabia
Bahrain Polytechnic announces admissions opening
Economic Achievements : Bahrain
Flydubai takes delivery of four new aircraft
Economic Achievements : United Arab Emarites
Khaleeji Commercial Bank holds a workshop on corporate governance
Economic Achievements : Bahrain
DP World announces partnership with Plastic Free Ocean
Economic Achievements : United Arab Emarites
Print industry leaders predict business upturn
Economic Achievements : United Arab Emarites
Abu Dhabi Motors quadruples Rolls-Royce sales from January to November 2010
Economic Achievements : United Arab Emarites
Drydocks World wins $13m BW Offshore contract
Economic Achievements : United Arab Emarites
Dubai's RTA completes work on 1st interchange
Economic Achievements : United Arab Emarites
DP World sells 75% of operations in Australia
Economic Achievements : United Arab Emarites
Jumeirah Group plans expansion in China
Economic Achievements : United Arab Emarites