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.
First Bahrain, an innovative regional real estate developer, today announced the appointment of Baker Wilkins and Smith (BWS) Middle East as its cost 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, especially in the region surrounding the new Shaikh Khalifa Port. The move to appoint BWS Middle East comes as part of First Bahrain’s proactive approach to cost management and quality control, measures that have resulted in the company maintaining strong financial performance despite the global economic downturn.
First Bahrain, an innovative regional real estate developer, today announced the appointment of Protiviti’s member firm for the Middle East region as its internal auditors. Protiviti is the world’s leading internal audit and business consulting firm composed of experts specializing in risk, advisory and transaction services. The move to appoint Protiviti comes as part of First Bahrain’s proactive approach to risk management and quality control, measures that have resulted in the company maintaining strong financial performance despite the global economic downturn.
First Bahrain, an innovative regional real estate developer, today announced the appointment of Abdullah H. Al Darazi & Sons Co. as the main contractor for the construction of its warehousing project at the Bahrain Investment Wharf (BIW), which is conceived due to a clear shortage of quality warehouse space in the Kingdom, especially in the region surrounding the new Shaikh Khalifa Port.
First Bahrain Real Estate Development Co. (First Bahrain), an innovative real estate developer focused on demand driven projects, today announced its official sponsorship of the Information Centre in the Shaikh Ebrahim bin Mohammed Al Khalifa Centre for Culture and Research in Muharraq. The support is part of First Bahrain’s wider strategy to preserve and build on the Kingdom’s architectural and cultural history.
First Bahrain, an innovative regional real estate developer, announced the appointment for Tebodin Middle East Consultants and Engineers as Project and Construction Managers for its warehousing development at the Bahrain Investment Wharf (BIW).
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.
First Bahrain, a rising star among the region’s real estate firms, today announced the release of the company’s performance for 2007 ahead of their AGM. The 2007 figures released on behalf of the Board of Directors record a net profit of KD 4.85 million, a 29% improvement on the company’s performance in 2006.
First Bahrain Real Estate Development Co. (First Bahrain) – a leading regional real estate developer with a paid up capital of KD 30 million – today announced the appointment of global consultants Mace to project manage its signature USD 450 million development, located in the heart of Bahrain’s Seef District.
