Edamah has identified five construction projects valued at millions of dollars to push forward through a seven-year development strategy that is expected to leverage Bahrain’s economic potential.

“Edamah, backed by sovereign wealth fund, Mumtalakat, is sitting on a 200-plot land bank, the vast majority of which remains undeveloped. The business aims to spearhead a construction surge that will have a “catalytic impact” on the Gulf nation’s oil-dependent economy,” Construction Week Online said on Monday.

The CEO of Edamah, Amin Alarrayed, told Construction Week, “Being able to focus on five projects that we can see through in the next five to seven years is a priority for us.”

The government-backed Bahraini real estate developer Edamah is operating based on what Alarrayed described as “triple mandate”; this includes turning a profit; encouraging a knock-on effect to spur future development; and aligning with Bahrain’s Economic Vision 2030.

Source: Mubasher

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