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Bahrain Bay appoints new Chief Executive Officer

International Real Estate expert, Robert Lee, to spearhead project's ongoing progress
MANAMA, BAHRAIN: Bahrain Bay , the country's highest profile masterplanned waterfront community, has appointed a new CEO, Robert Lee, to lead the management and development team through the next phase in the project's progress. Lee joins Bahrain Bay with 25 years of real estate investment experience including development, investment, sales and marketing, asset management, and advisory. His portfolio of past projects includes green-field city planning, large-scale mixed-use development, institutional/infrastructure, leisure and hospitality, and retail & entertainment.

Since arriving in the Gulf in early 2000, Lee has held senior executive positions at leading real estate companies in the Middle East including Emaar, Al Futtaim, and Nakheel, where he was instrumental in bringing some of the iconic projects, such as Dubai Marina and Palm Jumeirah, to their successful fruition. "I'm proud to have this opportunity to continue to establish Bahrain Bay as the premier real estate project in the country" says Lee, "I plan to unite all stakeholders under a common vision and continue to deliver the top-level results Bahrain Bay is renowned for, within the time-budget-quality constraints. All the excellent progress achieved until now will serve as a perfect foundation for the exciting future the project has lined up for this year and beyond."

Welcoming Lee to the development, Deputy CEO Abdulla Al Doseri commented: "Mr Lee joins us at an important time in Bahrain Bay 's progress with the project moving into its next chapter of delivery. With four Third Party Developers already on site, and more due in 2012, Mr Lee's expertise will be invaluable to the ongoing success of the development."

Lee replaces former Bahrain Bay CEO Bob Vincent, who offered his full support to the transition: "From both a commercial and personal perspective, it is appropriate for me to step aside and endorse the ongoing commitment of the BBD team. Deputy CEO Abdulla Al Doseri and the Bahrain Bay management team remain in place to ensure full continuity, with new CEO Robert Lee overseeing the project's next phase." Vincent will continue to work closely with Bahrain Bay in his new role with Four Seasons Hotel Bahrain Bay .

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About Bahrain Bay

Bahrain Bay is the Kingdom of Bahrain's first master-planned mixed-use waterfront community, situated off the north-east coast of the capital Manama. The $2.5 billion development has a masterplan created by New York-based Skidmore, Owings & Merrill, and has been designed to create a fusion of residential, commercial, retail, tourism, and community facilities and public amenities. It has three anchor developments - Four Seasons Bahrain, Arcapita Headquarters, and Raffles City Bahrain - reflecting the global standard the project is setting for the Kingdom. It was launched in 2006, and has seen uninterrupted progress, with 65% of land parcels already sold. It is scheduled for a multi-phase completion with initial phases to start being completed from 2012.

For more information, please contact:
Arran Dall
Communications Manager
Bahrain Bay Development B.S.C. (c)
P.O. Box 5092 - Manama - Kingdom of Bahrain
Tel :+973 17 505555
Fax: +973 17 505550
adall@bahrainbay.com
www.bahrainbay.com

© Press Release 2012

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