First Bahrain Real Estate Development Company, an innovative regional real estate firm that was established in Kuwait in 2004, has signed up as exhibitor at the Gulf Property Show.
The Northern Gulf’s boutique showcase for real estate and property development, organised by Hilal Conferences and Exhibitions (HCE), takes place under the patronage of HRH Shaikh Khalifa Bin Salman Al Khalifa and runs from April 26 to 28 at the Bahrain International Exhibition and Convention Centre.
Amin Al Arrayed, its chief executive officer, said the company’s latest development, El Mercado – Janabiya, would be showcased at the Gulf Property Show. “The feedback we have received from the neighboring residents of Janabiya and Saar as well as prospective tenants has been overwhelmingly positive which encourages and reassures our belief in our new project debuting at the show,” he said.
Due for opening shortly after the exhibition, El Mercado Janabiya will deliver a broad array of needed services and food and beverage options to southern Saar and Janabiya. Construction and landscaping are in their final stages of completion with a soft opening scheduled for May 2016. Already 80 per cent leased, the open air marketplace is sure to become a favourite place to shop and eat with family and friends.
Along with the newest and largest Al Osra Supermarket in Bahrain, the market will feature an elegant ladies’ salon, a classic hair dressing outlet for men, and an educational toy shop. El Mercado Janabiya is actively seeking services to complement the existing offerings including a bank, laundry, and optician outlet.
“El Mercado provides a high-class development from a reputable institution for visitors at Gulf Property Show. The state-of-the-art development demonstrates the quality First Bahrain delivers in all its projects, creating a memorable lifestyle experience that meets real market needs” said Jubran Abdulrahman, managing director of HCE.
First Bahrain has a paid up capital of KD23.3 million ($77.19) and owns or holds rights to over 1 million sq ft of strategically located lands in Bahrain.
Operating out of Bahrain and Kuwait, First Bahrain is strategically positioned to execute projects across the GCC in accordance with the principles of Sharia.
First Bahrain is well known for Majaal, an SME-focused industrial facilities development at the Bahrain Investment Wharf in Hidd. The $40 million complex includes seven buildings which are fully leased to a diverse portfolio of tenants, generating stable cash flow for the company.
Gulf Property Show’s strategic sponsors are Diyar Al Muharraq and Manara Developments in association with the Bahrain Property Developers Association (Bapda).