Announcement of $4bn Bahrain Real Estate Project
Abu Dhabi-primarily based real property developer Eagle Hills International has these days unveiled a large milestone through the signing of a cooperation settlement to establish “Binaa Al-Bahrain,” a promising new real property improvement corporation. This landmark agreement, valued at $4bn, signifies a strategic alliance between Bahrain’s region and the UAE, marking a pivotal second in bilateral members of the family.
Strategic Partnership with Edamah
Binaa Al-Bahrain is poised to spearhead progressive real property projects, capitalizing on its robust business partnerships with “Edamah,” the real estate arm of Mumtalakat’s Bahrain Holding Company, and the Sovereign Wealth Fund of Bahrain. This strategic collaboration underscores the commitment to fostering increase and prosperity inside the region.
Supporting Bahrain-UAE Relations
Mohamed Alabbar, Board of Directors Chairman of Eagle Hills, emphasized the significance of Binaa Al-Bahrain’s launch inside the broader efforts to support Bahrain-UAE members of the family. Alabbar highlighted the vision of His Highness Shaikh Mohammed bin Zayed Al Nahyan and His Majesty King Hamad bin Isa Al Khalifa in riding cooperation and development.
Alignment with National Economic Development Efforts
Echoing the fulfillment of past ventures together with Marassi Al-Bahrain, Binaa Al-Bahrain targets to cope with the wishes of Bahraini society and bolster the kingdom’s national economic development timetable. It is poised to turn out to be a leading nearby actual estate improvement entity, with a diverse portfolio strategically placed throughout the Kingdom.
Contributing to Bahrain Economic Vision 2030
Aligned with the lengthy-term development goals noted in the Bahrain Economic Vision 2030, Binaa Al-Bahrain endeavors to create multi-cause responsibilities catering to residential, industrial, and amusement dreams. This joint enterprise is anticipated to generate employment opportunities for Bahraini kids and beautify housing provisions for residents and citizens alike.
Promoting Sustainable Development and Preserving Cultural Identity
Binaa Al-Bahrain is committed to building sustainable projects that uphold Bahraini identity at the same time as fostering a monetary boom inside the Kingdom. With a music file spanning Europe, Africa, and the Middle East, Eagle Hills International brings its know-how to the leading edge, exemplified by the aid of initiatives like Marassi Bahrain in Diyar Al Muharraq.
