The combined entity will operate across four GCC countries, achieving significant economies of scale in procurement, logistics, and marketing, which is rare for a listed company in this segment of the hospitality industry.
This diversification strengthens the group’s overall market position and reduces reliance on traditional hotel revenue streams by tapping into the steady demand of the business-to-business and institutional foodservice market.
Marina Walk encompasses the entirety of the project’s commercial offerings, serving as the approved corporate identity for this crucial segment.
Sheikh Khaled bin Khalifa Al Khalifa, General Director of Vatel Bahrain, praised the MoU as essential for preparing students for their careers by combining classroom learning with hands-on experience.
The development features 594 stylish studios, suites, and penthouses, all with fully equipped kitchens and modern amenities, ideal for extended stays and family visits. Many rooms offer expansive views of Bahrain’s skyline and the Arabian Gulf.
Total comprehensive income for the nine months surged 30% to BD6.04 million (US$16 million), supported by revenue growth of 1% to BD26.4 million (US$69.9 million).
Under the contract, Nass will design and build over 8,000 square meters of beach facilities, including a 130-meter beachline, a 400-square-meter family infinity pool with panoramic sea views, and a dedicated children’s splash pool with water play features.
Ikhlass will oversee initiatives across MICE, corporate, and leisure markets, deepening the property’s market penetration.
The new Bahrain venture offers comprehensive, turnkey outsourcing, covering staffing from executive housekeepers to room attendants, alongside supervision, training, supplies, and equipment.
With over 35 years in hospitality, El Wahidi brings extensive leadership experience managing luxury resorts and complex mixed-use developments across Europe, Africa, and the Middle East.