ConstructionWeekOnline.com, 9 Apr 2009, Benjamin Millington
The developer of Raffles City Bahrain may stop construction after phase one in order to reassess the development in the current economic climate, according to Bahrain Bay CEO Bob Vincent.
Construction of phase one – the project’s underground car park and basement – was commenced by Nass Murray & Roberts Joint Venture in July and is scheduled to finish by the middle of the year.
“At that point it looks like they might stop construction and reevaluate things to capture the best pricing or product for the market,” Vincent told Construction Week.
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