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Press Release
Albilad Real Estate Investment Company establishes base at Bahrain Financial Harbour
Manama, Bahrain, 16, July, 2008: Bahrain Financial Harbour Holding Company (BFHHC) today announced the signing of an agreement with Albilad Real Estate Investment Company, a Bahrain-based real estate development and investment company set up by a group of local and regional investors. Albilad recently began work on a multimillion dollar mixed use real estate development project in one of the Kingdom's prime locations.Commenting on the agreement, Mr. Salwan Uchi, Marketing Director of BFHHC, said: "Albilad today stands on the threshold of a new era, with a distinctive portfolio of projects currently underway, and we are happy to welcome the company to BFH's business and financial complex. We are confident that the location and integrated business environment of the complex will prove a USP for this professionally run, forward looking company. Our mutually beneficial partnership will definitely spur its growth and help it realise its tremendous potential."
The tenancy agreement, signed by Mr Salwan Uchi and Mr. Zeyad Janahi, will see the real estate investment company occupying space on the 47th floor of the West Tower.
Albilad Real Estate Investment Company, which commenced operations in Bahrain in 2006, offers services throughout the local and GCC region. Its core business covers investment, trading in various types of real estate properties; and development, construction, management and marketing of real estate projects. Its expertise and services include concept evaluation, planning and development; design and construction; as well as management and maintenance of real estate properties in the Kingdom.
According to Mr. Zeyad Janahi, General Manager of Albilad "Albilad aspires to build and develop a strong company portfolio in the Kingdom of Bahrain. We are upbeat that our decision to establish our base at BFH will add value to our company and accelerate our rising growth curve. The optimally designed workspace and technologically advanced infrastructure it offers will give us a strong platform to function from, enabling us to carry out our operations smoothly and efficiently."
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About BFH
A fully integrated, master-planned development, the US$ 3 billion Bahrain Financial Harbour (BFH), is a complete financial city and self-contained community. It reinforces Bahrain's unsurpassed position as financial capital of the Middle East. A ‘first of its kind' development in the region, BFH is a highly focused and advanced financial environment spread over 380,000 square metres of prime seafront in the centre of Manama, Kingdom of Bahrain. It comprises 10 projects that uniquely combine business, leisure and residential components under one canopy. Phase I, the ‘Financial Centre', includes the Harbour Towers - Bahrain's tallest towers - and the Harbour Mall. The Financial Centre is operational and open to business.
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