Leading investment house migrates to prestigious office address
Manama - The Bahrain World Trade Center (BWTC), set to launch as the Kingdom's leading mixed-use commercial development, recently announced the signing of respected Bahraini investment company, Capital Management House, who will join existing flagship tenants and take occupancy of one of the largest individual office floor spaces at 783 square meters. The growing number of confirmed contracts for office space is evidence of BWTC's key role in attracting a wide range of leading local and international institutions to set up or expand operations in the Kingdom.
Being located at the heart of Manama's business and commercial district, BWTC offers a world-class address in the region's financial hub, and tenants will benefit from a network of global business contacts through the centers' membership of the World Trade Centers Association (WTCA).
Managing Director of Capital Investment House, Mr. Khalid Najibi, said: "We chose to relocate our offices to BWTC due to the immediate benefits it offers in terms of building design, office space, the multitude of services and state-of-the-art facilities, and - of course - the view. Thinking to the future, this location will position our company among other top financial institutions residing at this prime address where we will continue to participate in Bahrain's financial boom, as we see the Kingdom consolidate its position as a regional centre of finance and Islamic banking."
Ms Claire Hughes, Associate Director of DTZ Bahrain, BWTC's leasing and managing agent, said: "The BWTC has a role to play in Bahrain's continued economic success by providing the infrastructure within which companies can operate at optimum levels. The unparalleled range and quality of facilities available to our tenants is attracting prestigious companies like Capital Management House who are singling out BWTC as the prime business address in the Kingdom. It is gratifying to see many months of planning come to fruition as more tenants begin to fit-out and plan future operations."
Corporate residents of BWTC will benefit by combining the essential elements of business and leisure with cutting-edge corporate offices and social amenities including exceptional shopping; fine dining and casual dining restaurants; cafes; a health spa; a five-star hotel, extensive parking facilities and a range of business-related services. The towers include sophisticated SMART features from world-class connectivity to surveillance and security systems, high speed passenger lifts; and a full service business centre with video conferencing facilities, meeting and conference rooms.
Capital Management House joins the ranks of other key financial companies who have signed tenancy agreements. Bank Muscat International is the anchor tenant of the East Tower, locating its fifth retail banking branch on the ground floor in addition to occupying seven floors in the same tower. In the West Tower, Kuwait Finance House - Bahrain is the anchor tenant having taken occupancy of eight floors. The National Commercial Bank, a leading Saudi Arabian financial institution operating in Bahrain, has leased a total of 2,000 square meters of office space in the East Tower occupying five complete floors.
The project is making excellent progress with all major structural works completed, and the majority of internal works exceeding 80% completion. Over 70% of the office floors are ready for handover to tenants taking up residence in the coming months. Inside the mall, the front entrance common areas have just been opened, with the impressive entrance way well on the way to completion.
-Ends-
About Bahrain World Trade Center
Situated on the Manama waterfront and in the heart of the region's leading financial and business hub, the Bahrain World Trade Center (BWTC) project comprises the two 50-storey sail shaped twin office towers, the five-star Sheraton Hotel as well as MODA Mall, Bahrain's only ultra high-end shopping destination, featuring some 160 luxury retail outlets as well as a host of modern cafes and exciting fine dining eateries.
The BWTC provides leading regional and international organisations with a world-class business address. The buildings are highly advanced in design and operation and are the Kingdom's first intelligent offices, employing the latest SMART systems capable of delivering unsurpassed security and maximum competitive advantages and efficiency in office management. In addition, they are the first of their kind in the world, using wind energy to provide 11 - 15% of the electricity needs of the office towers.
Other benefits enjoyed by local and international businesses occupying space at the development is membership to the World Trade Centers Association (WTCA). Locating at the BWTC offers an exceptional opportunity for connectivity with the global business community. With more than 300 centres in 100 countries, WTCA has a membership of approximately 750,000 commercial enterprises worldwide.
About Capital Management House
Capital Management House is incorporated in Bahrain as an Islamic investment company. The firm, which has a paid up capital of US$47.7 million, has been established by prominent institutions and business groups from Bahrain and the region.
For press information contact:
Julia Atherton-Dandy
Hill and Knowlton
Tel: +973 17533532
Fax: +973 17533370
e-mail: julia.dandy@hillandknowlton.com
© Press Release 2007
