Latest Bahrain News

First phase of Dragon City to get operational in 2014

The construction work of the multimillion-dinar Dragon City will begin soon in Bahrain, with the first phase of the project, due for operation towards third quarter of 2014.

The project, developed by Diyar Al Muharraq, along the coast of Muharraq, is based on Chinese style architecture and buildings, with a strong Bahraini influence.

Dragon City will resemble a large shopping centre with several Chinese companies coming ahead to showcase their products, said Hao Feng, the 'China Middle East Investment and Trade Promotion Centre (Chinamex)' Chairman said.

The concept of Dragon City has been jointly drawn up by Chinamex and Diyar Al Muharraq, although the total cost of the development is yet to be revealed.

The Chairman of Diyar Al Muharraq, Abdulhakeem AlKhayyat, said that the project will be a major contribution to development of Bahrain’s economic and cultural sectors.

The Dragon City project is a large-scale trade platform with functions of retail and wholesale, and product exhibition, incorporating Chinese architectural and cultural aspects, all marketed and managed by Chinamex.

Among the target groups will be Chinese enterprises and businessmen who wish to sell their products and services to Bahrainis and international visitors.

Chinamex has been so far successful in attracting foreign investment and capital into Bahrain, and in creating more job opportunities. Chinamex has been established in the region to promote, manage and operate similar projects, particularly the Dragon Mart in Dubai and Chinese City in Mexico.

The Chief Executive of Diyar Al Muharraq, Aaref Hejres, said that Dragon City is one of the several investment projects due to be launched. According to developers, the area will include greenery and water features, car parking, and other necessary amenities. Further, the roadways and walkways will increase access to all projects, given its coffee shops, restaurants, and retail and commercial enterprises based on Chinese theme.

It is likely to draw in more than half a million visitors each year, and boost the real estate development industry, establishing new standards and practices. However, the most significant contribution will be towards employment market, with creation of several jobs, infrastructure projects, and other requirements.

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