• UAE : +2494.52/2.87 Jordan : +2264.27/16.43 Bahrain : +1420.14/-2.92 Lebanon : +1456.42/13.33 UAE : +1571.47/14.07 UAE : +1497.78/11.26 Egypt : +602.529/2.34 Kuwait : +6703.2/25.3 Morocco : +11679.68/-21.32 Oman : +6259.95/0.3 Palestine : +487.47/-1.34 Qatar : +7305.96/55.35 Saudi Arabia : +6158.99/52.57 Tunisia : +5402.16/4.65

Durrat Al Bahrain

The highlight of the KFH-Bahrain investment portfolio is the Durrat Al Bahrain project, a world-class residential, leisure, commercial and tourist destination. Durrat Al Bahrain is owned by the Durrat Khaleej Al Bahrain Company, in which the Government of the Kingdom of Bahrain and Kuwait Finance House - Bahrain (together with its investors) each hold a 50 percent stake. Durrat Al Bahrain, a 20 square kilometer area of pristine waters and untouched beaches, once complete, is expected to be approximately the size of Manama, Bahrain’s capital city.

Land reclamation on the 12 islands was finished in 2006, and the entire development is slated for phased completion by 2010. During the past year, Durrat Al Bahrain project witnessed massive progress in terms of reclamation, dredging, infrastructure and construction of villas and landscape. The construction of villas for Phase 2 is in progress and is expected to be ready by end of 2007. Piling work to the bridges was completed in November 2006 and the contractor has commenced demobilization.

In August 2006, Durrat Al Bahrain has confirmed acceptance and approval to the master plan for the Crescent Island, the commercial heart of the project. Currently, the master plan for the crescent and the mainland is being enhanced to create more value for the Project. A concept master plan and draft business plan has also been produced for the golf course area. Durrat Khaleej Al Bahrain company (Durrat) and Al Khaleej Development company (Tameer) have signed a memorandum of understanding for the purpose of forming a Joint Venture company in Bahrain for the acquisition and development of the Marina Island.

Durrat Al Bahrain continued to increase its marketing activities to raise awareness of and promote the landmark project locally and internationally.

By supporting numerous community and social activities, Durrat Al Bahrain has continued to reach out to the local community to ensure that the project not only touches the lives of its potential residents and visitors, but all members of the community young and old alike. Durrat Al Bahrain’s marketing team are working actively towards promoting the Durrat Al Bahrain project to fulfill the management’s vision of making it one of the elite projects in the GCC region.

For more information visit www.durratbahrain.com