Edamah on Forbes list of top 50 real estate developers

BAHRAIN REAL ESTATE

MANAMA: Bahrain Real Estate Investment Company (Edamah), the real estate arm of Bahrain’s sovereign wealth fund Mumtalakat, has been featured on Forbes Middle East’s list of Top 50 Real Estate Developers in Mena 2021.

Edamah chief executive Amin Al Arrayed said: “As the only Bahraini company on this list, it is an honour to be included among the biggest companies that have created some of the region’s most innovative and important real estate projects. Edamah’s diverse portfolio spans retail, hospitality, industrial, and mixed-use properties which aim to drive economic growth in the kingdom.”

The developer’s latest projects include Bilaj Al Jazayer, Jumeirah Gulf of Bahrain Resort, and Mantis Bahrain Hawar Island ecotourism resort.

Judging criteria for the Forbes Middle East list include financial data, value of projects completed and under construction, and the developer’s reputation in terms of delivering the properties.

A new corporate brand identity unveiled this year highlights the bold growth plans that the developer has for the kingdom’s real estate sector, while helping it to further connect with its audiences.

Incorporated in 2006 to manage and expand an assorted portfolio of real-estate in Bahrain, Edamah is developing projects in the leisure, entertainment and commercial sectors.

Mr Alarrayed said having established itself as one of the kingdom’s leading property developers, the management felt it was time for a new identity to better represent the futuristic vision, even as it reiterates 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 is driven by a promise to the people of Bahrain to deliver projects that transform, inspire, and elevate. Our new brand identity reflects the dynamic new phase we are entering and affirms our commitment to our investors, the public, and other stakeholders to ‘Build for Bahrain’.

“We are proud of how far we have come, and as we map out our ambitious future plans, we are excited to deliver new projects that inspire and elevate lifestyles. Our innovative, market-led solutions are aimed at promoting economic growth and creating value for local communities through developments that meet the country’s needs,” he added.

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