Tuesday 15 July 2025
 
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Bahrain Marina Development Company names new board

MANAMA, 10 hours, 36 minutes ago

Bahrain Marina Development Company, the master developer of the landmark Bahrain Marina real estate and tourism project in the heart of Manama, has announced the formation of its new board of directors under the chairmanship of Reyadh Yousif Sater.
 
Spanning over 250,000 sq m along Manama’s eastern coastline, the Bahrain Marina development features luxury freehold residential units, a five-star hotel, a premium retail and dining destination, sports and entertainment facilities, a state-of-the-art yacht marina, and a contemporary marine club, said the company in a statement.
 
Collectively it offers a fully integrated, world-class lifestyle destination in line with Bahrain’s vision for sustainable urban and tourism growth, it stated.
 
The newly appointed board comprises a distinguished group of Bahraini professionals, including Sahar Rashid Al Mannai, Dr Ahmed Abdulghani Al Shaikh, Mohammed Ali Al Bastaki, Yousif Abdulla Taqi and Abdulla Ahmed Kamal. 
 
This new formation reflects the company’s strategic commitment to strengthening corporate governance and drawing on national expertise to support the next phase of development, said the statement.
 
In parallel, the company has also appointed Engineer Hisham Almoayyed as Acting Chief Executive Officer, in addition to his current responsibilities as Head of Project Development, it added.
 
On his appointment, Yousif Sater said: "It is an honour to assume the role of Chairman at this pivotal stage of the Bahrain Marina project – a flagship development that reflects the Kingdom’s future vision for real estate and tourism."
 
"Along with my fellow board members, we are committed to continuing the company’s mission of creating an iconic Bahraini destination that celebrates innovation, architectural diversity, and urban excellence, reinforcing Manama’s position as a prime hub for investment, residential living, and hospitality," he stated.
 
"Our focus in the coming phase will be on building upon the solid foundation already laid and delivering on our promises with the highest levels of quality, transparency, and sustainability – to the benefit of residents, investors, and the wider community," he added.
 
Sharing his outlook for the next phase, Hisham Almoayyed, Acting CEO of Bahrain Marina Development Company, said: "I am deeply grateful for the Board’s confidence and remain fully committed to leading the project with diligence and integrity. Bahrain Marina is a cornerstone of the kingdom’s urban and tourism development plans, and we will continue to drive the project forward with pace, precision, and a strong focus on excellence, in line with Bahrain’s ambition to attract high-value investment and deliver premium lifestyle experiences."
 
The newly appointed board also extended its sincere appreciation to the previous leadership, notably former Chairman Khalid Najibi, former Managing Director Yusuf Al Thawadi, and all other members for their vital contributions during the project's establishment and early execution phases. 
 
Their efforts laid the groundwork for a development that now stands as one of the Kingdom’s most prominent mixed-use projects, they added.-TradeArabia News Service
 



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