Saudi Prince Alwaleed bin Talal's news channel to start broadcasting from Bahrain in February

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Saudi billionaire Prince Alwaleed bin Talal's pan-Arab news channel will finally take to the airwaves early next year.

Officials for the Alarab channel said Monday it will begin broadcasting on February 1 from its base in the Bahraini capital, Manama. They didn't say how much it would cost.

The channel had previously been expected to begin operations in 2012 in Bahrain, which continues to face low-level unrest following widespread Arab Spring-inspired protests in 2011. It will be located in the tiny island kingdom's prominent, twin-towered World Trade Center.

Alarab will compete against well-established competitors including Qatar-based Al-Jazeera, as well as Sky News Arabia and Saudi-owned Al-Arabiya, both of which are headquartered in the United Arab Emirates.