Pearl Real Estate Development Company has entered into an end-user financing agreement with Reef - Real Estate Finance Company for its second major project, Platinum Tower.
Under the agreement, Reef is to provide Sharia-compliant mortgage
Construction work has begun on the BD25 million ($66 million) Platinum Tower in the Seef area and the project is expected to be completed in 24 months.
Pearl Development and Real Estate Company (PDREC), a consortium of investors from Bahr
Pearl Development and Real Estate Company (PDREC), a consortium of GCC investors, will launch its second project in Bahrain.
Valued at an estimated development cost of BD25 million ($66m), the Platinum Tower project will be located in Seef