The International Monetary Fund (IMF) predicts Bahrain’s economy will grow by 3% in 2024 but accelerate to 3.5% in 2025, supported by manufacturing and private sector credit expansion.
Despite the challenges, significant uncertainty and risks persist, such as the potential escalation and expansion of regional conflicts, commodity price fluctuations, and increased geo-economic fragmentation.
Like several neighboring countries, Bahrain seeks to diversify its economy for greater resilience and growth opportunities.
The $2 billion Al-Areen development, conveniently situated just 35 minutes from Bahrain International Airport, presents an exciting opportunity for growth and investment in the region.
Located near the scenic Al Areen Wildlife Reserve, Tilal offers a luxurious lifestyle surrounded by natural beauty and stunning views.
Bank of Bahrain and Kuwait (BBK) has partnered strategically with Al Areen Holding Company to provide exclusive tailored financing solutions for customers seeking homeownership in the Tilal by Al Areen project.
Al Areen Holding would like to transform the Al Areen masterplan into a premier tourist destination, significantly impacting the Kingdom while contributing to Bahrain’s ongoing economic progress.
The Al Areen masterplan is a leading destination for residence, hospitality, entertainment, and business, including
- a township of nearly 2 million square meters of land and
- 1.5 million square meters of built-up area, with a capacity to accommodate approximately 25,000 people.
In addition to a range of appealing amenities, such as Raffles Hotels & Resort, the development will feature an 18-hole golf course. Olazabal Design is responsible for designing the new golf course.
The company’s notable work includes the spectacular new Olympic and Hills courses at Costa Navarino in Greece, the Education City Golf Club in Qatar, and Royal Sevilla Golf in Spain.
The golf course at Al Areen will span an area of about 1.4 million square meters.
Dr. Ahlam Zainal, CEO of Al Areen Holding Company, stated
“This golf course will add another dimension of luxury to the Al Areen project, complementing an exceptional residential and sports tourism experience.
We anticipate that this course will attract more tourists and residents, thereby bolstering economic growth in the area.”