|19 August, 2019

KFH and Golden Gate sign major financing agreement

The project situated in the heart of Bahrain Bay consists of two towers

View Of City At Sunset, Bahrain.

View Of City At Sunset, Bahrain.

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MANAMA: Kuwait Finance House-Bahrain is collaborating with Golden Gate to provide off-plan consumer financing for its freehold residential tower at Bahrain Bay.

Situated in the heart of Bahrain Bay, the project consists of two towers containing 746 apartments.

Billed as the tallest residential tower in Bahrain, it will feature residential, commercial, retail, tourism, and public amenities, all cooled from an innovative and environmentally-sound central facility.

KFH-Bahrain executive manager and head of retail banking group Khalid Marrafi said, “Our collaboration with Golden Gate comes in line with the bank’s efforts to provide suitable financing for our customers who wish to own their dream apartments, in addition to supporting future real estate projects in the kingdom. We look forward to continue this approach and expand our partners’ base in the future.”

Golden Gate head of signature segment Khalifa Ahmed Al Qoud said, “Golden Gate is considered the first international joint venture partnership between Kooheji Golden Gate and India’s Ajmera Realty and Mayfair Housing, and we are proud to be in partnership with Kuwait Finance House-Bahrain, one of the leading establishments in the region with a long-standing history of innovation and professionalism.

“Golden Gate is set to become a leading landmark in the region and create value to owners and residents, as well as being a means of attracting foreign investments to Bahrain.”

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