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First Bahrain and KFH-Bahrain sign Project Financing Deal

First Bahrain Real Estate Development Co. (First Bahrain) – a leading regional real estate developer– today announced it had closed on an Islamic project financing facility with Kuwait Finance House – Bahrain (KFH-Bahrain) to develop a USD25 million warehousing and logistics facility. The project will be located at the Bahrain Investment Wharf (BIW), strategically located near the new Shaikh Khalifa Port due to open in October 2008.