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Senior officials at the signing ceremony in Manama.

Edamah signs up as key sponsor for Bahrain property expo

MANAMA, October 15, 2018

Bahrain Real Estate Investment Company (Edamah), the real estate arm of Bahrain’s sovereign wealth fund Mumtalakat, has signed up as signature sponsor for the 2018 Bahrain International Property Exhibition (Bipex).

Being organised by the Bahrain Society of Engineers, Bipex will take place at the Bahrain International Exhibition and Convention Centre from November 1 to 3, under the patronage of Deputy Prime Minister, Sheikh Khaled bin Abdulla Al Khalifa.

A major player in the region, Edamah manages an extensive portfolio of properties and also develops vacant or under-utilised land in the portfolio. Currently, it has a number of development projects in the pipeline and is exploring new real estate initiatives in the hospitality sector.

Edamah's projects include newly-launched The Terminal in Adliya, Sa'ada Waterfront promenade in Muharraq, and the Bilaj Al Jazayer public beach.

On the partnership, Edamah CEO Amin Al Arayedh said: "Since inception, our portfolio has sought to be a reflection of the government’s commitment to encouraging developments that serve locals and tourists while complementing the growth of the economy. Our mission is to engage in a more connected and impactful manner with the public and private sector."

"Bipex provides an opportunity for the public to engage with us and receive first-hand information on the projects we have in the pipeline. We further look forward to showcasing the recently announced Sa’ada in Muharraq. Phase one of the Sa’ada project will provide a dynamic, fully accessible public waterfront with shaded terraces and parking," he stated.

The Sa’ada project will havee seven buildings for lease, which will house a variety of functions including food and beverage, kiosks, a multi-storey car park, and a pedestrian bridge that links the waterfront to the heart of Muharraq, among other supporting facilities.

Mohammed Khalil Alsayed, the chairman of the Bipex Organising Committee, said: "We are proud that Edamah has chosen Bipex to be their first exhibition platform to engage with the community and showcase their vision for the kingdom through their efficient landmark project plans across various sectors.”-TradeArabia News Service




Tags: Bahrain Mumtalakat Holding Company | Al Arrayed | Bahrain Edamah |

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