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BAHRAIN, UAE-Gulf Star World Development, promoter of the Dream Island resort at Manamah, Bahrain, has reached agreement with the Bahrain government which will allow it to start dredging and reclamation works on site.

The Ministry of Finance and National Economy has granted Gulf Star and its co-developers, Star Leisure & Entertainment; Robodh Contracting of Bahrain and Jzala Investment Group of Saudi Arabia, consent to start the dredging and reclamation works necessary to create a 41 acre man-made island that is to be the site of the Dream Island project.

The Dream Island leisure & entertainment resort complex, with an estimated completion cost of approximately $130 million, is designed to be a landmark tourist resort complex within Bahrain. The project is scheduled for completion in 2007 and is fully supported by the Bahrain governmental authorities.

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