COMPANIES Bahrain Bay, a big development just off the coast of Manama, might pale next to some of the grandiose projects announced in other Gulf states in recent years, but it has one important advantage over some – it is still going ahead.
While similar private sector projects across the region have been hurt by declining property prices, weak investor sentiment and turbulent credit markets, the $2.5bn Bahrain Bay – along with a clutch of other developments in the island kingdom – is proceeding, albeit cautiously.
