Category: El Mercado Janabiya
Building on the strength of a long established relationship, Kuwait Finance House – Bahrain (KFH) and First Bahrain Real Estate Development Co. today jointly announced a new project finance agreement which will fund the construction of the first phase of a new USD30 million commercial development in Janabiya. This announcement follows the recent news of the appointment of the Almoayyed Construction Group and Sanad Engineering as the lead members of the project team to design and construct the facility. The new project will be ready for occupancy by the second quarter of 2016.
Building on its success in the industrial sector where its USD 45 million Majaal Warehouse Development is now fully leased and operational, First Bahrain Real Estate Development Company K.S.C today announced the appointment of the Almoayyed Contracting Group and Sanad Engineering as the lead members of the project team for its new USD 30 million commercial project in Janabiya.
Amin Al Arrayed, General Manager of First Bahrain was interviewed for an article published in the Al-Watan Newspaper on Nov 12, 2012.