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Bahrain Financial Harbour declared ‘Best Commercial Development in Bahrain

IREF- ME 2006 Excellence in Real Estate Award lends credence to BFH’s aim of creating a complete financial city and a self contained community

Manama, Bahrain, 21 December 2006: Bahrain Financial Harbour (BFH) was declared ‘Best Commercial Development in Bahrain' for 2006 at the IREF-ME 2006 Excellence in Real Estate Awards ceremony held in Dubai.

The second annual awards ceremony was held on 21 December 2006 at the Burj Al Arab in Dubai and was attended by VIPs, dignitaries, government officials and business luminaries from the region.

Commenting on receiving the prestigious award, Mr. Nawaf Sadeddin, Chief Development Officer, BFHHC, said:

“This honour could not have come at a better time and we are extremely excited about this achievement. At a juncture when BFH is partnering with over 35 major financial sector and retail companies and further attracting regional leaders, being named as the Best Commercial Development in Bahrain by IREF-ME 2006 surely justifies that BFH's endeavours are being recognized and appreciated by the region. Furthermore, we are very proud to have this honour as it further vindicates our aim of creating a complete financial city, a self contained community and reinforcing Bahrain's global recognition of being the financial capital of the Middle East. "

Having incorporated various innovative and cutting edge systems and technologies to an extremely focused yet robust business model, and a highly unique and targeted product mix it is no surprise that in recent times BFH has evoked significant interest from global audiences and has emerged as one of the most prominent developments of its kind in the Middle East With Real Estate emerging as an asset class in business today and its increasing significance, particularly in the Middle East, ICG presented the inaugural IREF-ME Awards for Excellence in Real Estate in recognition of the achievements of international and regional entities specializing in GCC Real Estate markets and sectors. Additionally the nomination process was a result of extensive research and input from leading experts from respective GCC markets.

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