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Jawad Group inks Lagoon deal

Manama, March 29, 2009

Lagoon Leasing and Jawad Group have signed an agreement to lease around 3,000 sq/m space at the Lagoon commercial development on Amwaj Islands.

Lagoon Leasing chairman Saud Al Nusuf and Jawad Group chairman Faisal Jawad signed the agreement in the presence of Abu Dhabi Investment House head of sales Ahmed Habib and a representative from Cluttons, the facility manager.

'We are delighted to sign this agreement with the reputable Jawad Group, as the group is a major contributor to the Bahraini retail market. The presence of such clients is significant in further pushing quality,' said Al Nusuf.

Despite the economic downturn internationally, demand to lease Lagoon units has increased, especially after electricity and other work has been completed,' he noted.

'Being part of the Lagoon among other international brands only reinforces our leading position within the market. The Lagoon is quite a unique development that will definitely provide a new destination for Bahrain residents and visitors alike. We hope through our outlets here that customers enjoy the usual highest quality of services that Jawad Group offers,' said Jawad.

Outlets planned at the Lagoon include Quiznos Sub, Costa Coffee, Chilies, La Fratella Italiana as well as Magic Wok. The Jawad Supermarket will occupy approximately 2,000 sq/m space.-TradeArabia News Service




Tags: Lagoon | agreement | lease | Amwaj Islands | Jawad Group |

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