Latest news with #Edamah
Zawya
12-06-2025
- Business
- Zawya
Bahrain: Ministry signs deal with Edamah to develop Manama Central Market site
Bahrain - The Municipalities and Agriculture Ministry has signed a memorandum of understanding (MoU) with the Bahrain Real Estate Investment Company (Edamah), the real estate arm of Bahrain Mumtalakat Holding Company, to develop the Manama Central Market site. The MoU was signed by Municipalities Affairs and Agriculture Minister Wael Al Mubarak and Shaikh Abdulla bin Khalifa Al Khalifa, CEO of Mumtalakat and chairman of Edamah. The MoU aims to conduct a detailed study to maximise the site's investment and commercial potential, leveraging its strategic location in the centre of Manama. This partnership supports the ministry's goal to better manage its real estate assets, enhance financial returns, and contribute to sustainable urban development and economic growth. Officials highlighted Edamah's expertise in development and investment as key to realising the site's potential, creating promising opportunities that align with Bahrain's broader development plans. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
07-05-2025
- Business
- Zawya
Bahrain's Bilaj Al Jazayer receives bids for Block G concept design services
Bahrain's Bilaj Al Jazayer Real Estate Development, which is developing its namesake waterfront development Southwest coast of Bahrain, has received proposals from five international design firms in response to a Request for Proposals (RFP) for the concept design of Block G within the master plan. The firms and their respective financial proposals in are as follows: * Bjarke Ingels Group (BIG), Spain: 9,275,928.420 Bahraini dinars ($24 million) * Skidmore, Owings & Merrill, Dubai Branch: BHD 7,309,929.924 ($19 million) * Foster and Partners: BHD 2,762,410.000 ($7.3 million) * TEN DESIGN: BHD 1,817,389.915 ($4.8 million) * Wimberly Allison Tong and Goo (UK): BHD 325,448.000 ($863,234) Bilaj Al Jazayer spans over one million square metres, featuring a three-kilometre beachfront, residential apartments, hotels (the five-star Tivoli and four-star Avani), Bahrain Surf Park, retail, leisure and fitness facilities. The master plan was designed by Foster + Partners. In September 2024, Edamah, the real estate arm of Bahrain Mumtalakat Holding Company (Mumtalakat), awarded the contract for the first phase of infrastructure works at Bilaj Al Jazayer to Cebarco. (Reporting by Deva Palanisamy; Editing by Anoop Menon) (
Daily Tribune
02-05-2025
- Business
- Daily Tribune
Bahrain's Adventure Tourism Boost
Bahrain Surf Park - Club Hawaii Experience has awarded the construction contract for its highly anticipated surfing destination at Bilaj Al Jazayer to Poullaides Construction Company (PCC), marking a major step towards the park's grand opening in 2026. Developed by Edamah, in partnership with GFH Financial Group, the project is set to transform Bahrain's leisure and adventure tourism sector, creating jobs and attracting international visitors to the southwest coast. 'We are proud to support a project that reflects Bahrain's commitment to innovation and economic growth,' said Khaled Abdulrahman Al Majed, CEO of Edamah. 'This park will strengthen Bahrain's position as a regional leader in entertainment and tourism.' The surf park will be the first in the region to feature the cutting-edge Wavegarden Cove technology, capable of producing up to 1,000 waves per hour for surfers of all skill levels. The facility will also include a surf academy, retail outlets, event spaces, and exclusive areas for corporate events, positioning it as a multifaceted destination for recreation and business. In addition, a major international surfing competition is already planned for 2026, further cementing Bahrain's place on the global surfing map. Victoria Williams, General Manager of Bahrain Surf Park, hailed the construction milestone, stating, 'We are thrilled to move forward with a project that will bring a world-class surfing experience to Bahrain and open new doors for tourism and recreation.' With a vision rooted in public-private partnership, Bahrain Surf Park - Club Hawaii Experience is expected to draw around 300,000 visitors annually, helping drive forward the Kingdom's broader economic diversification goals.
Zawya
27-04-2025
- Business
- Zawya
Edamah and Ali & Mohammed Yateem Bros Company sign strategic partnership
Manama, Bahrain: As part of its ongoing efforts to promote economic growth and build partnerships with the private sector, Edamah (Bahrain Real Estate Investment Company), the real estate arm of Bahrain Mumtalakat Holding Company (Mumtalakat), announced the launch of a strategic partnership with Ali & Mohammed Yateem Bros Company. The agreement covers a mixed-use investment project valued at over BHD 5 million in Arad, Muharraq Governorate. Ali & Mohammed Yateem Company won the project bid through a public auction organized by the Government Land Investment Platform through the Tender Board. The project will be located on Edamah's 16,000 square meter plot in Arad. Designed with a community-centric approach in mind, the project aims to enhance quality of life for citizens and residents. It will include 52 commercial units as well as restaurants, medical clinics, and retail outlets, along with a fuel station and other support services. The total commercial built-up area is 4,500 square meters, of which 4,120 square meters will be leasable. Mr. Khalid Abdulrahman Al-Majid, CEO of Edamah, noted: 'This project highlights Edamah's commitment to effective, strategic investments that maximize the use of our real estate portfolio while enhancing the company's financial returns. Projects such as this one serve as a powerful catalyst for economic growth, providing benefits to society and the Kingdom's real estate sector.' Mr. Mohammed Hussain Yateem, Vice Chairman of Ali & Mohammed Yateem Bros Company, added: 'We are delighted to be collaborating with Edamah to expand our investment portfolio through the development and operation of this unique project. The addition of commercial facilities, green outdoor spaces, and a fuel station will widen the range of services available to residents and visitors.' Edamah's real estate portfolio has seen significant growth through sustainable investment partnerships with local and regional companies. Construction on the project is scheduled to begin by early 2026. Media contact: Amy Vaya Perceptions Email: amy@ About Edamah Bahrain Real Estate Investment Company (Edamah) is the real-estate arm of Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain. Incorporated in 2006 to manage and expand an assorted portfolio of real-estate in Bahrain, Edamah has established itself as one of the Kingdom's leading property developers. With an unwavering commitment to its founding principles of quality, efficiency and sustainability, and in line with the highest standards of transparency and corporate governance, Edamah strives to transform the Kingdom's diverse and dynamic property sector. Edamah's portfolio will also include projects in the leisure and entertainment and industrial sectors.
Daily Tribune
19-02-2025
- Politics
- Daily Tribune
MPs back plan for better public beach access
MPs yesterday unanimously backed a plan to improve Bahrain's beaches, keeping them open to the public and ensuring better upkeep and facilities. The proposal, put forward by MP Muneer Seroor, lays out a clear path for managing and improving the country's shorelines. It aims to keep access open while ensuring coastal areas are properly looked after. Seroor said, 'Bahrain has plenty of coastline, but some of it needs to be set aside as public beaches, while other parts should be put to good use with the right services at entry and exit points to draw visitors and improve daily life.' Attention MPs have been paying more attention to the state of the country's beaches, with calls for them to stay open, wellkept, and protected from being sold areas have been spruced up, but others have been left in poor shape. Seroor sees the issue as a lawmaking priority, saying better beaches could bring in more visitors, drive investment, and give people more space for outings, sports, and gatherings. He also pointed to the need for tougher action against pollution and illegal development along the coast. He called for tighter enforcement of laws, including the 2006 Coastal Protection Law, and pushed for new rules forcing developers to keep part of their beachfront projects open to the public. Environmental rules 'Those building on the coast should be required to set aside public space and stick to environmental rules,' he said, urging closer scrutiny of development work. The government pointed to projects already in motion. The Bahrain Bay Beach Project spans 170,000 square metres with a 600-metre shoreline. The Qalali Beachfront development covers 100,000 square metres near Amwaj. Revamp In the south, Edamah is revamping Al Jazayer Beach, stretching across 1.2 kilometres. The Bahrain Tourism and Exhibitions Authority (BTEA) has backed a string of waterfront projects, including Sa'ada, a site overlooking Manama. Al Jazayer Beach, being redeveloped with Edamah, is set to include food stalls and other services for visitors.
