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The World's Finest Serviced & Virtual Offices at Bahrain Financial Harbour
Servcorp signs Heads of Agreement with Bahrain Financial Harbour Holding Company (BFHHC) to occupy one floor in the Harbour Towers in Bahrain Financial Harbour (BFH)
Servcorp views Bahrain as one of the fastest growing economies in the Middle East and a market with significant potential
BFH commences handing over of office space to tenants for fit-outs
Manama, Bahrain, 11 December 2006: Bahrain Financial Harbour Holding Company (BFHHC) today announced that it had signed a Heads of Agreement with Servcorp, the provider of the world’s finest serviced and virtual offices. As per the terms of the agreement Servcorp has committed to an uptake of one floor (covering an area of 1008 sqm) in the Harbour Towers, which apart from being Bahrain’s tallest towers also form a key component of the Financial Centre which is the phase I of the landmark Bahrain Financial Harbour (BFH). BFH has commenced handing over of properties to tenants for fit-outs.
The Financial Centre consists of three components – Harbour Towers, a Financial 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, quality retail outlets and cafes, as well as other leisure facilities.
Commenting on the agreement with Servcorp, Mr. Stephen Rothel, Chief Executive Officer, BFHHC, said:
“Servcorp in the last three decades since its formation has rapidly gained the reputation of being a provider of the world’s finest serviced and virtual offices. Its philosophy of providing quality office spaces at affordable prices is in complete sync with BFH’s strategy of creating an integrated world-class business environment for both regional and global companies in the financial sector who either have existing business or are looking at entering one of the fastest growing economies in the region, Bahrain. It thus gives me immense pleasure in welcoming Servcorp to the rapidly growing BFH family.”
Established, in 1978, Servcorp opened its first serviced offices in Sydney, Australia. Since then Servcorp has come to signify a global network of exceptional office facilities. It has thrived in the industry because of its non-compromise on 5 star standards. Servcorp’s business philosophy has remained unchanged in the last three decades. Today, Servcorp represents the convenience of an up to date corporate infrastructure and a professional office support team - all at the lowest possible cost. Servcorp takes pride in the fact that the offices provided by it can be fully operational instantly. Globally, Servcorp has a presence in Australia, New Zealand, Japan, China, SE Asia, UAE and Europe.
Commenting on the choice of BFH for its latest office facility, Mr Taine Moufarrige, Executive Director, Servcorp, said:
“At Servcorp our focus has always been on selecting the best buildings with the best aspects which are located in the most dynamic business environments worldwide. BFH, with its vision of positively contributing to re-enforcing Bahrain’s reputation as the financial capital of the Middle East, the strong global response it has received and its product offering of being Bahrain’s first world-class, full-service waterfront development make it an ideal location for locating our latest facility in.
“Furthermore, with Bahrain being one of the fastest growing economies in the Middle East, it was a logical decision for Servcorp to enter this market. Servcorp strongly believes that this trend of rapid economic growth is here to stay in Bahrain, and is supported by the going online of the Free Trade Agreement with the US and the Governments proactive economic reforms programmes,” Mr Moufarrige added.
BFH, which is aimed at reinforcing the reputation of the Kingdom of Bahrain as the Middle East’s financial hub, is planned as a landmark integrated development that will be home to the entire value chain in the financial sector. This unique waterfront business and financial district on the Manama Corniche will offer commercial, residential and leisure facilities comprising 30 individual development land parcels spanning 380,000 sq metres.
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