Thursday 25 April 2024

Eagle Hills JV to develop expansive mixed-use projects in Bahrain

ABU DHABI, February 25, 2024

Eagle Hills International's newly set up real estate joint venture - Binaa Al Bahrain - will focus on creating expansive mixed-use projects across the kingdom, offering diverse residential, commercial, and entertainment opportunities designed to elevate the overall local community experience, said its top official.
An Abu Dhabi-based private real estate investment and development company, Eagle Hills International had recently set up the mega $4 billion real estate venture with strategic Bahraini partners.
"The decision to invest in Bahrain through the establishment of Binaa Al Bahrain is a direct result of the remarkable success achieved with the Marassi Al Bahrain partnership. It represents a milestone in our collaborative efforts and underlines our commitment to further strengthen ties between the two countries while propelling transformative real estate projects in the kingdom," stated Mohamed Alabbar, Chairman of Eagle Hills International.
Binaa Al Bahrain is now set to become a paramount developer in the kingdom, boasting an expanded portfolio of prominent real estate projects strategically situated across various areas within Bahrain in the Muharraq, Southern and Capital governorates.
Some of its key projects include Southern City project, Al Furdah project, the next phase of Marassi Al Bahrain and further developments in Diyar Al Muharraq.
Alabbar said the new JV firm is aligned with the Kingdom’s Economic Vision and aims to contribute even more significantly to Bahrain’s long-term development through its iconic projects. 
"And in addition to the increased investment, the joint venture aspires to create extensive job opportunities for young Bahrainis not only within the real estate sector but also in hospitality and healthcare," he stated.
With a team of seasoned professionals dedicated to delivering quality projects, Binaa Al Bahrain is now poised to transform the kingdom’s real estate sector even further. 
It will continue building innovative, sustainable developments that retain the Bahraini identity and foster growth and economic progress in the kingdom, said the statement from the Emirati developer.
Eagle Hills International, under the leadership of Alabbar, continues to leverage its financial prowess, expertise, and extensive networks to lead the development of large-scale, master-planned communities. 
Currently spearheading transformative initiatives, including the Marassi Al Bahrain project in Diyar Al Muharraq, the key developer  remains committed to enhancing local economies and providing holistic living and working solutions across high-growth markets in Europe, Africa, and the Middle East, it added.-TradeArabia News Service


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