Nama International Real Estate – a subsidiary of Kooheji Global Holding – has launched its $300m mixed-use project ‘KGH Tower’ situated at Bahrain Bay, in the Kingdom of Bahrain.
Kooheji Global Holding’s managing director, Mr. Tariq Al-Kooheji, confirmed the project will be developed in two phases.
Phase will consist of a four-star hotel with around 175 keys, 120 luxury serviced apartments and high-end commercial office space complemented by a retail zone with multi-storey car park space.
Phase 2 will develop a five-star hotel comprising of around 240 rooms. The announcement took place during the signing ceremony at the head office of the Bahrain Bay Development Company between Nama International Real Estate and Bahrain Bay Development. Official representatives included Mr. Tariq Al-Kooheji, Managing Director of Kooheji Global Holding and Mr. Abdulla Al-Doseri, Deputy Chief Executive Officer of Bahrain Bay Development.
In a statement, Kooheji Global Holding managing director, Al-Kooheji, commented: “We have started communicating with top international hotel brands and operators to be our partners, and overall paid careful thought and consideration to make sure that the project will be developed based on the highest international design standards catering to the growing needs of the hospitality and commercial sectors in the kingdom of Bahrain” added Mr. Al-Kooheji.
Al-Doseri added: “We are very happy about our partnership with Kooheji Global Holding through their real estate arm, Nama International, and believe that the project chosen by them will be among the landmark projects at Bahrain Bay, a waterfront community that is designed at offering a high-end lifestyle of international standards to meet the needs of commercial, corporate, investment, banking and leisure sectors.
“We at Bahrain Bay would like to thank Nama International for choosing Bahrain Bay to host their iconic project and assure our full technical and managerial support in accomplishing it, the outcome of which will contribute added value to the business, hospitality and tourism markets of Bahrain as well as the region and create many job opportunities for Bahrainis in the Kingdom.