Latest news with #BDB
Biz Bahrain
03-06-2025
- Business
- Biz Bahrain
Bahrain Development Bank Participates in INJAZ Bahrain 2025 Young Entrepreneurs Competition
Bahrain Development Bank (BDB) – the leading bank in supporting small and medium enterprises (SMEs) in the Kingdom of Bahrain, has announced its participation in the 17th edition of the INJAZ Bahrain 2025 Young Entrepreneurs Competition. Scheduled to take place on the 3rd and 4th of June at Crowne Plaza Hotel, the event underscores BDB's ongoing commitment to encouraging youth innovation and promoting an entrepreneurial mindset within the local community. Student teams from schools and universities across the Kingdom are expected to take part in this national platform. The competition offers an interactive educational experience that simulates the process of launching a start-up, providing young Bahrainis with a unique opportunity to develop entrepreneurial skills. Participants will undergo a comprehensive hands-on journey that includes product development, business planning, marketing, and resource management, culminating in presentations before a panel of expert judges from both the public and private sectors. Commenting on the occasion, Ali Al Aradi, Chief Banking Officer at Bahrain Development Bank, stated: 'At Bahrain Development Bank, we take pride in supporting initiatives that invest in the potential of our youth, offering them opportunities for creativity and growth. This competition serves as a living model of the entrepreneurial spirit deeply rooted in our community. Our participation reflects our belief in the power of nurturing promising ideas and turning them into impactful ventures. We also value our partnership with INJAZ Bahrain, which plays a pivotal role in shaping a new generation of leaders and innovators capable of driving the future of the national economy.' BDB's involvement in this initiative reinforces its dedication to empower the younger generation and help them to transform their ideas into real-world projects with meaningful economic and social impact. Ali Al Aradi will also serve as a member of the judging panel for INJAZ Bahrain 2025 Young Entrepreneurs Competition, highlighting the bank's executive-level support for initiatives aimed at building youth capabilities and preparing them to enter the business world with confidence and competence. This participation further underscores BDB's broader role in fostering human capital development and skill-building, in parallel with offering innovative financial solutions to small and medium enterprises. Through strategic collaborations such as this, BDB continues to strengthen its position as a financial institution that believes investing in human resources is key to achieving long-term sustainable economic growth.
Hindustan Times
01-06-2025
- Business
- Hindustan Times
MMRDA to give Godrej dedicated Metro access to its Vikhroli complex
MUMBAI: Godrej Enterprises, which has a large campus at Vikhroli East, has asked MMRDA to give it a dedicated access point from the Metro 4 railway which is expected to be completed by 2026. The company wants connectivity to this commercial campus near its hillside residential colony. Metro 4 connects Wadala with Kasarvadavali, and Metro 4A will further connect Kasarvadavali to Gaimukh. Metro 4 is almost 80 per cent complete and passes via Lal Bahadur Shastri Marg where the commercial-residential complex is. The complex also has its own dedicated subway which passes under the Central Railway corridor. 'The proposal of dedicated ingress and egress from the station on Metro Line 4 into the Godrej campus will significantly enhance daily connectivity for thousands of our workforce and enable smoother access for over 15 national and multinational companies operating within the campus,' said a Godrej Enterprise spokesperson. Godrej Enterprise sources said that MMRDA's policy on direct metro station connectivity to adjoining properties along the alignment would facilitate the adoption of technically feasible and sustainable urban planning solutions. 'The Metro integration policy of MMRDA is a great initiative and will help multiple companies, retail malls, and commercial districts along the metro alignment to thrive with ease in connectivity and commute,' said a source. 'This policy promotes sustainable urban growth by encouraging the use of public transport and reducing urban sprawl.' MMRDA commissioner Sanjay Mukherjee said that the conceptual plan had been approved subject to a deposition of ₹10 crore and 6% supervision charges. Mukherjee said the charges had not yet been deposited and the detailed design and drawings not yet submitted for MMRDA's approval. Last year, Bharat Diamond Bourse (BDB) in BKC had demanded direct connectivity from Metro 2B to its complex. The Metro 2B will run from D N Nagar and Mandale (off the Sion-Panvel road) when it is inaugurated. MMRDA had accepted the demand. With this, the bourse will be connected to the bullet train terminal at BKC, as Metro 2B and the bullet train terminal are also connected. However, BDB vice-president Mehul Shah said that MMRDA had asked for ₹10 crore for this, which they wanted waived. Spread over a 20-acre plot, BDB is home to around 2,500 small and large diamond traders' offices. Mantralaya and Vidhan Bhavan complex will also get exclusive access from the Metro 3 line connecting SEEPZ and Aarey.
The Sun
29-05-2025
- Business
- The Sun
Pelubang LRA construction work progressing smoothly
ALOR SETAR: The construction work of the Pelubang Water Treatment Plant (LRA) in Kubang Pasu is progressing smoothly, achieving an overall construction progress of 62.46 per cent, exceeding the scheduled target of 62.32 per cent. Bina Darulaman Bhd (BDB) group executive director Raja Shahreen Raja Othman said the progress of construction is 43 days ahead of the original schedule, assuring them that the LRA can be completed by the end of the year. 'In terms of construction progress, BDB needs to meet and adhere to the set timeline, so we hope that other stakeholders can also play their roles to ensure the construction work is completed on schedule. 'There are several big challenges that need to be overcome and these include land issues and permits as this project involves land ownership, roads and other properties. However, BDB is committed and we have sufficient resources to complete the LRA project,' he said at a press conference after the 30th BDB annual general meeting today. Previously, the Kedah Public Works, Natural Resources, Water Supply, Water Resources and Environment Committee chairman Mohamad Yusuf@Munir Zakaria had said that the Pelubang LRA had been granted an Extension Of Time (EOT) until Dec 21 due to several technical issues encountered earlier. Meanwhile, Raja Shahreen said the LRA structure is almost complete and only awaiting mechanical and electrical (M&E) works to be done, and once finished, it will significantly enhance the progress of the overall construction. 'If the M&E is installed and set up, then it can improve the progress level, possibly reaching up to 80 per cent... When it becomes operational, it can improve water supply access for residents in the Kubang Pasu and Alor Setar areas and resolve the frequent water issues in Kedah. 'If anyone wants BDB to be the contractor for projects that require rescue operations, we are ready and can provide the necessary resources to complete the relevant LRA,' he also said. Meanwhile, regarding the world's first international Islamic-inspired retirement village project, Aman Seterra Sanctuary, which is expected to be built in Kuala Temoyong, Langkawi next year, Raja Shahreen said they are in the process of submitting the project planning approval to the Langkawi Tourism City Municipal Council. The project, a collaboration between BDB through its wholly-owned subsidiary, Aman Lagenda Sdn Bhd, and Seterra Holdings Sdn Bhd, will be developed over an area of 12.42 acres (5.03 hectares), providing services to retirees and the elderly from around the world by integrating the concepts of independent living, assisted living and long-term care. In the meantime, he said for the financial year ending Dec 31, 2024, BDB recorded a pre-tax profit of RM4.51 million, with revenue of RM294.7 million compared to RM14.47 million and RM313.1 million respectively in 2023, but the company remains optimistic about long-term growth prospects.
New Straits Times
29-05-2025
- Business
- New Straits Times
Pelubang water plant upgrading ahead of schedule
ALOR STAR: Upgrading work at the Pelubang Water Treatment Plant (WTP) may be completed ahead of schedule, said contractor Bina Darul Aman Bhd (BDB). Its group executive director, Raja Shahreen Raja Othman, said the RM431 million project was 62.5 per cent complete, slightly ahead of the targeted 62.3 per cent, and might be completed ahead of the extension period that was granted. "Once operational, the facility is expected to improve access to treated water for residents in Kubang Pasu and Kota Setar. "If we factor this into days, it should be an estimated 43 days (ahead of schedule)," he said during a press conference in conjunction with the company's 30th annual grand meeting today. Raja Shahreen stated that timely delivery remained a priority but noted that the project faced several non-construction challenges. "In terms of timing, like it or not, this is something we have to meet, but for us to continue progressing smoothly, we need cooperation from other stakeholders as well. "This isn't just about digging the ground. There are issues involving land acquisition, permits and existing infrastructure such as roads and private properties," he said. Raja Shahreen said BDB was confident of delivering the project on time. "We are committed. We have the financial strength and technical capabilities, but we must also take these external factors into account," he added. The Pelubang WTP upgrading project aims to almost double the plant's capacity, from the current 247 million litres daily to 457 million litres once completed. Last year, the media reported that state Public Works, Natural Resources, Water Supply, Water Resources and Environment Committee chairman Mohamad Yusuf @ Munir Zakaria said the Pelubang WTP had been granted an Extension of Time (EOT) until Dec 21, 2025, due to earlier technical issues. On whether BDB was open to rescuing other delayed water treatment plant projects in Kedah, Raja Shahreen said the company was ready to step in if needed. "We are prepared to assist with stalled projects. Financially, we are stable, and we possess the technical expertise to bring such projects back on track," he said. Meanwhile, Raja Shahreen said BDB recorded a pre-tax profit of RM4.51 million on revenue of RM294.7 million for 2024, compared to a RM14.47 million pre-tax profit from RM313.1 million revenue recorded in the previous year. "Despite the softer financial performance, the group remains optimistic about long-term growth prospects," he said.
Biz Bahrain
29-05-2025
- Business
- Biz Bahrain
BDB Launches Third Edition of Leadership Development Programme
Bahrain Development Bank (BDB), the Kingdom's leading bank in supporting small and medium enterprises (SMEs), has announced the launch of the third edition of its Leadership Development Programme. Organised in collaboration with the Institute of Public Administration (BIPA), the three-month programme aims to enhance the efficiency of the Bank's leadership. leadership capabilities of the Bank's high-performing employees. The initiative reflects BDB's ongoing efforts to cultivate a new generation of leaders equipped with strategic foresight and strong executive acumen. Twenty selected employees will take part in a series of intensive workshops centring around strategic problem-solving, project management, and leadership development in the workplace. Through this programme, participants will be equipped with practical tools and techniques to enhance their effectiveness in leadership roles, directly influencing team performance and contributing to the delivery of high-quality services at BDB. Commenting on the occasion, Ms. Hend Mahmood, Chief Human Resources Officer at BDB, stated, 'We believe that investing in human capital is central to sustainable success. This programme reinforces our commitment to developing the leadership potential of our people, which is instrumental in strengthening BDB's position as a key enabler of SME growth in Bahrain.' She further added, 'Our people are the driving force behind our progress. By creating meaningful development opportunities, we are enabling our employees to grow their careers while contributing more effectively to the Bank's strategic goals. The experience and knowledge they gain from this programme will play a pivotal role in elevating our service quality and exceeding customer expectations through innovation and operational excellence.' BDB remains focused on adopting best practices in human resource development and delivering training experiences that support the Bank's broader transformation agenda.
