|Wednesday, May 23, 2007
|Bahrain racecourse to privatise
Expressions of interest are invited from interested parties for the privatization, re-development and operation of the National Racecourse and Equestrian Facilities together with the Development Lands at Sakhir, Bahrain.
The lands extend to 3.7 million sq meters in total and are located at Sakhir, Bahrain in close proximity to the Formula 1 Circuit and the University of Bahrain. The area is linked to Manama by a main highway.
The site has operated as the National Racecourse since its founding in 1977 and this will continue under privatisation.
The Expression of Interest, deadline Sunday 17th June 2007, is the first step in a two-part process that will lead to privatization.
The Expression of Interest Document giving initial details of the proposed transaction can be obtained at http://www.mof.gov.bh/equestrian.html