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First Bahrain Appoint DTZ as Leasing Agents For 716, 000 Square Feet Warehousing project

First Bahrain, an innovative regional real estate developer, today announced the appointment of DTZ, one of the largest, diversified real estate services companies as exclusive leasing agent for its 716,000 sq ft, warehousing project at the Bahrain Investment Wharf (BIW). DTZ will be spearheading the marketing of the region’s first, USD 45 million small to medium enterprises (SME) focused integrated warehousing and logistics development, the first phase of which is scheduled to be completed by December 2009.

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First Bahrain Warehouse Development Reaches Key Construction Milestone

First Bahrain, an innovative regional real estate developer, today announced the achievement of a significant milestone, being the completion of 50% of the construction of the company’s logistics and warehousing project at the Bahrain Investment Wharf (BIW). Main construction work of the project is being undertaken by Abdullah H. Al Darazi & Sons, who are working on schedule to complete the project on time by December 2009. Tenants are expected to be able to occupy the buildings from 1 January 2010.

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First Bahrain appoints 4SPOTS as web consultant

First Bahrain, an innovative regional real estate developer, today announced the appointment of 4SPOTS to build the website for its warehousing project at the Bahrain Investment Wharf (BIW). 4SPOTS, a leading web design and development company, has been operating for over four years and has developed award winning websites for a wide range of prestigious companies including, MenaTelecom, Bahrain Islamic Bank, and National commercial Bank.

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Young Arab Leaders program helps Bahrainis take step to success

The Young Arab Leaders (YAL) Steps to Success workshop, which runs from 30 June until 1st July at the University of Bahrain, was today addressed by Amin Al Arrayed, General Manager of First Bahrain, an innovative regional real estate developer. Other key note speakers scheduled for the event which is being attended by a select group of Bahraini students, include Ahmed Al Banna, Chief People Officer of Gulf Air and Abdulhakeem Alkhayyat, CEO of KFH-Bahrain and Bassim Al Alawi Managing Director of Al Alawi Factories.

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First Bahrain announces new Senior Projects Manager

First Bahrain, an innovative regional real estate developer, is pleased to announce the appointment of Yasser Abu-Lughod as Senior Projects Manager. This appointment reinforces First Bahrain’s commitment to building a professional workforce to support its continued growth.

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First Bahrain Appoint Unisono as strategic Brand Consultants

First Bahrain, an innovative regional real estate developer, today announced the appointment of Unisono as strategic brand consultants for its warehousing project at the Bahrain Investment Wharf (BIW), which is conceived due to a clear shortage of quality warehouse space in the Kingdom. Unisono has been operating in the Gulf region for over three years, and has created award winning brands which are well known in Bahrain, including Bahrain National Insurance Company, Automo, Ijara, and HPC (Hidd Power Company). Most recently, Unisono has been appointed as the global rebranding partner for Cityscape.

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First Bahrain Appoint Unisono as strategic Brand Consultants

First Bahrain, an innovative regional real estate developer, today announced the appointment of Unisono as strategic brand consultants for its warehousing project at the Bahrain Investment Wharf (BIW), which is conceived due to a clear shortage of quality warehouse space in the Kingdom. Unisono has been operating in the Gulf region for over three years, and has created award winning brands which are well known in Bahrain, including Bahrain National Insurance Company, Automo, Ijara, and HPC (Hidd Power Company). Most recently, Unisono has been appointed as the global rebranding partner for Cityscape.

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First Bahrain announces positive financial results for 2008

First Bahrain, an innovative regional real estate developer with headquarters in Kuwait, today announced the release of the company’s 2008 financial results at their Annual General Meeting (AGM) held on 4th May 2009. The 2008 figures, audited by Ernst & Young, showed positive results of KD 2.6 million net profits, despite the turbulent economic conditions. In addition, Sharia auditors Al Mashora & Al Raya for Islamic Financial Consulting affirmed that the company performed its duties towards the execution of contracts and transactions in 2008 in accordance with the provisions of Islamic Sharia

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Construction commences on First Bahrains USD 45 Million warehousing development at BIWs

First Bahrain, an innovative regional real estate developer, today held a groundbreaking ceremony for its 716,000 square feet logistics and warehousing project at the Bahrain Investment Wharf (BIW). The first phase of the USD 45 million development, funded in part through debt secured from Kuwait Finance House, is now under construction. The contractor, Abdullah H. Al Darazi & Sons, is pursuing an aggressive schedule to complete the work prior to the end of 2009 with the entire project due for completion in 18 months.