Bahrain Wants to Buy Out Stalled Sama Dubai’s Resort Project

Bahrain wants to buy out Sama Dubai LLC’s stalled project to build a luxury seashore resort in its capital city Manama, a senior official said.

Sama Dubai, a unit of Dubai Holding LLC, began the 2 billion-dirham ($545 million) Salam Beach Resort and Spa project in November 2005. Construction stopped in January last year, according to Middle East Economic Digest.

Bahraini investors are in talks with Sama Dubai, Mohammed Bin Essa al-Khalifa, chief executive of the Bahrain Economic Development Board, said in an interview yesterday in Manama. Sama didn’t respond to a request for comment immediately.