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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