Bahrain has opened bids for the Marina West development that was stalled in 2010 following the financial crisis.
The US $750 million project began in 2007 and includes 10 residential buildings and a five-star hotel.
Bahrain’s Committee for Stalled Real Estate Projects, which sits within the Justice, Islamic Affairs and Endowments Ministry, announced that interested buyers have until end of January to submit documents proving technical capability, financial position and experience in completing real estate developments, Gulf Daily News said.
The committee last week sold off another stalled development, Juffair Views, for $9.5 million (BD3.6 million) through a public auction. It is responsible for auctioning off other stalled developments in Bahrain, including Sunset Hills and Amwaj Gateway.
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