Friday, July 19, 2019

EDAMAH announced as Signature Sponsor for BIPEX 2018

Bahrain Real Estate Investment Company (Edamah), the real estate arm of Bahrain’s Sovereign Wealth Fund, announces itself as a Signature Sponsor for the 2018 Bahrain International Property Exhibition, to be held in the Kingdom of Bahrain between November 1 to November 3, under the patronage of His Excellency, Deputy Prime Minister, Sheikh Khaled bin Abdulla Al Khalifa.

Edamah manages an extensive portfolio of properties and developing vacant or under-utilized land in the portfolio remains a priority for the company. Currently, Edamah has a number of development projects in the pipeline and is exploring new real estate initiatives in the hospitality sector. Their projects include newly launched The Terminal in Adliya, Sa’ada Waterfront promenade in Muharraq, and the Bilaj Al Jazayer public beach.

Mr. Amin Al Arayedh, CEO – Edamah, said, “We are honoured to announce Edamah’s support and role as a Signature Sponsor for BIPEX 2018. 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.”

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

Speaking on behalf of BIPEX 2018, Mr. Mohammed Khalil Alsayed, Chairman of the BIPEX Organizing Committee, added “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 of Bahrain through their efficient landmark project plans across various sectors.”

BIPEX 2018 will take place at the Bahrain International Exhibition and Convention Center. As Bahrain’s leading property show, BIPEX holds a significant place on the Kingdom’s real estate industry calendar of events. A professionally organized non-profit event, it serves as a bellwether for the industry, offers a platform for gaining insight into the sector’s performance and future direction, and promotes the region’s major infrastructures and real estate properties.

The event’s organizer is the Bahrain Society of Engineers (BSE), the premier body representing engineering professionals in the Kingdom. It is tasked with managing each BIPEX event in Bahrain. The organization was established in 1972 as a professional voluntary non-profit organization. It seeks to advance the engineering profession, while striving for continuous skill enhancements through training and the conducting of technical and professional development programs.

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