June 11th, 2019 | 0 commentsBahrain-based Investcorp, in partnership with a subsidiary of Philadelphia-based Equus Capital Partners, has acquired 11 new US multifamily properties with a combined value near $370 million. Madison Apartment Group, Equus’ management affiliate, will act as on-site property manager for the newly-acquired portfolio, the Bahraini private eq...
May 28th, 2019 | 0 commentsBahrain Real Estate Investment Company (Edamah) has invited proposals for the operation and management of a family entertainment concept within Phase One of a premium seafront development, Sa`ada West, located in Muharraq. The property arm of the kingdom's sovereign wealth fund, Edamah said the BD45-million ($119 million) Sa`ada West mix...
May 21st, 2019 | 0 commentsThe Bahrain Petroleum Company (Bapco) has announced that it has reached financial close on its multi-billion-dollar Bapco Modernisation Programme (BMP). The financial package is a key milestone in the BMP's progress and its successful closure means Bapco can proceed to the next stage of the project, said senior officials at a ceremony hel...
April 30th, 2019 | 0 commentsIthmaar Development Company (IDC) said work is in full swing on its Dilmunia Grand Canal & Marina project with the foundation and soil preparatory works already completed, thus marking a significant milestone in the development of the Bahraini project. The Grand Canal and Marina is a major element of the $1.6-billion Dilmunia Project,...
April 24th, 2019 | 0 commentsBahrain’s festival of b2B and B2c expos, Gulf Construction, Gulf Property and Interiors continue to provide the largest integrated business-to-business showcase for the construction, interiors and property sectors staged in the Northern Gulf, to promote the Bahrain as business hub. “Amidst the challenging economic climate the marquee exhi...
April 22nd, 2019 | 0 commentsDiyar Al Muharraq, one of the leading urban developers in Bahrain, has announced its strategic partnership of the Gulf Property Show 2019, which will run from April 23 to 25 at the Bahrain International Exhibition and Convention Centre. The event will be held under the patronage of HRH Prince Khalifa bin Salman Al Khalifa, Prime Minister...
April 7th, 2019 | 0 commentsAl Tijaria, the commercial real estate development company, will be launching its debut residential project “Symphony Tower,” a 351-unit property located within the Diplomatic Area in the heart of Bahrain's capital Manama, at the upcoming Gulf Property Show. A leading industry event for the Northern Gulf region, Gulf Property Show is bein...
March 26th, 2019 | 0 commentsInstitutional and high net worth individual (HNWI) investors from the Middle East region will be among the focus group of overseas investors for the $450 million new alternate investment fund (AIF) to be launched by Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC), the fund’s chief executive officer said. In an exclusive int...
March 18th, 2019 | 0 commentsGFH Group plans to invest around $500 million during the full-year 2019, the chairman said. Such transactions could take place through acquisitions or divestment, Jassim Alseddiqi told local newspaper Al Khaleej. He added that the acquisitions will be self-financed or financed through investors, in addition to banks. Alseddiqi pointed out...
March 11th, 2019 | 0 commentsViva Bahrain and Etisalat have signed a partnership to utilise Etisalat’s state-of-the-art SmartHub to establish global connectivity that will further expand Viva’s reach globally. Mohammed Al Khushail, acting CEO of Viva Bahrain, and Ali Amiri, Etisalat Group chief carrier & wholesale officer, signed the agreement at the Capacity Mid...
