December 2012 | Infrastructure and Construction Works on track at Durrat Marina

3rd December 2012: Infrastructure and construction works are underway for Phase 1 of Durrat Marina, one of the Kingdom’s leading marine-based real estate projects. This first phase which was recently launched for sales has already captured a great deal of interest. It includes an exclusive set of sea-facing villas, residential apartment blocks, luxury serviced apartments, a dedicated Yacht Club in close proximity to the marina, and a promenade with cafes and retail outlets.

Durrat Marina awarded the contract for construction of the infrastructure and villas in Phase 1 to Tamcon Contracting WLL. Tamcon is a civil and building construction group which holds a building contracts “AA” grade from the Ministry of Works, and has a proven capability to undertake a range of construction and infrastructure works. The awarded contract includes a comprehensive program of works designed to meet the requirements of the project’s marina-based lifestyle. On the infrastructure side, the design stage has been complemented for road networks, electrical network, storm water, as well as water and drainage networks. Likewise, a full construction program for the villas has already been approved, with land filling and excavation works well under way. It is expected that construction of the villas will be completed before mid-2014. Today, Tamcon, the Durrat Marina team and their consultants are onsite implementing an aggressive schedule of works in order to meet the project’s delivery timeframes.

Mr. Waleed Saffy, CEO of Durrat Marina, noted “We are pleased to report tangible developments on site at Durrat Marina. Though the real estate market has been challenging in recent years, we have found that there is demand for the right kind of products at the right price. Durrat Marina, located just north of Durrat Al Bahrain, has garnered interest from more and more people seeking either a weekend retreat or a marina-based residence.” He further noted, “As the market sees gradual improvement we expect that confidence will grow, especially in a project such as ours. Onsite development of Phase 1 will work to aid this confidence.” Mr. Saffy further explained that the project’s schedule of construction works for the Infrastructure and Villas was created with full regard for development of other elements of the project such as the Marina, Yacht Club, and residential apartments. To that end, the plans and set-up for phase 1 of the project’s Marina is currently underway. This includes berths and pontoons for over 130 boats and yachts of various sizes. Simultaneously, two Residential Apartment buildings are also soon to be developed, offering spacious and well designed 1, 2, and 3 bedroom apartments.

Mr, Saffy affirmed the belief that Durrat Marina is poised to bring to the market one of the very few projects that combines world-class residential, commercial, leisure, and marine services in such a unique manner.

–END –

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