Media Centre:
Press Release
Jawad Business Group joins rapidly growing Bahrain Financial Harbour Family
Manama, Bahrain/Dubai, UAE, 16 January 2007: Bahrain Financial Harbour Holding Company (BFHHC) today announced that the Jawad Business Group (JBG), one of GCC's leading retail groups, had confirmed its commitment to operate some of their brands in BFH. As per the terms of the agreement JBG has committed to an uptake of around 400 sq mts in the Harbour Mall, the retail centre of the Financial Centre, which is the phase one of the landmark Bahrain Financial Harbour (BFH).
The agreement, that closely follows the unveiling of the entire technology blueprint of BFH, includes the introduction of top brands namely Costa coffee, Jawad Express, Travelex and Camille's Sidewalk Café to BFH.
Commenting on the agreement with JBG, Mr. Stephen Rothel, Chief Executive Officer, BFHHC, said: "Being a premier integrated waterfront city development with significant regional and global implications, BFH is committed to providing its tenants with the best of infrastructure both business and leisure. The agreement with Jawad Business Group, one of the foremost retail and lifestyle groups in the region, for the introduction of its premier food & beverages, retail and financial service brands is in line with this focus."
The Financial Centre consists of three components - Harbour Towers, a Harbour Mall and the Harbour House. The Harbour Towers will provide office and commercial space for the financial services industry while the Harbour Mall is designed specifically for capital markets and will house brokerage and trading firms
Commenting on the choice of BFH for its latest foray, Mr Faisal Jawad Chairman & CEO., JBG, said: "Since its inception, the Jawad Business Group has implemented a dynamic trading strategy, realising the need to keep pace with the fast changing requirements of modern consumers. BFH represents the new emerging Bahrain and on completion will most definetly be the foremost business district of the Kingdom. Thus, our agreement with BFHHC is a natural progression of our business strategy and would ensure our continued prominance in the market."
Based in Bahrain, JBG began with a modest foodstuff trading and shipping enterprise. During the eighties, the Group diversified into fast-food and fashion and met with significant successes. The nineties saw the Group expanding its business interests around the Gulf and now in India.
Today, JBG represents more than 150 of the world's top brands and companies. In Dubai for example, JBG operates the largest Brantano Shoe City outlet in the entire Gulf region. Similarly, its Dairy Queen outlet in Doha, Qatar is the world's largest ever. From the finest fashion brands and restaurants to supermarkets, sales & distribution, furniture, travel and tourism, money exchange and logistics, JBG is constantly adding to its portfolio new brands and maintaining the quality and customer standards which have made it a success across the Middle East.
Currently, JBG's fashion portfolio includes Accessorize, Adams, BHS, Hush Puppies, Mango, Camaieu, Bendon Lingerie, Tape a'Loiel, Monsoon, Hobbs, Celio, Antonello Serio, Pixi , Kiabi, Pumpkin Patch and Rituals, to name a few, while its restaurant portfolio includes Burger King, Chilis , Dairy Queen , Romano's Macaroni Grill , The Great Kabab Factory , Costa Coffee, Magic Wok, Papa John's Pizza and Thai Express. The furniture portfolio includes Sia, Artikel, Galleria Sophia, Flamont, Bois & Chiffon, The White Company and La Maison Coloniale. Additionally, JBG's interests in Bahrain also include Al Fanar Travles, Travelex, Agility (formerly PWC Logistics) and Avis.
|