Manama: Bahrain Real Estate Investment Company (Edamah), has recently participated in the Milken Institute Middle East and North Africa (MENA) Summit 2019, which was held on the 12th and 13th of February, at the St. Regis Saadiyat Island Resort, Abu Dhabi, United Arab Emirates.
Mr. Amin Alarrayed, Chief Executive Officer (CEO) of Edamah, formed part of the panel discussion which was held on the second day of the Summit, joining Ron Burkle, Founder of The Yucaipa Companies, Jonathan Goldstein, CEO of Cain International, and Michael S. Meldman, Chairman and CEO of Discovery Land Company. During the panel, several insightful topics were discussed regarding the emerging trends shaping the Real Estate industry today; where the CEO of Edamah touched upon methods companies can adopt in order to maintain resilience and navigate the global downtrend in real estate, faced with various factors such as growing geopolitical uncertainties and technological disruptors
”Sustainable tourism is the future of the real estate industry today. Ultimately, Edamah’s aim to elevate the Kingdom’s urban spaces by developing projects with sustainable elements, to serve the greater community keeping both local residents and tourists in mind,” revealed Mr. Amin Alarrayed.
“Edamah’s projects seek to create lifestyle destinations and enriching experiences for the community, transforming the Kingdom’s property sector and contributing to the diversification of the national economy in line with the Economic 2030 Vision,” he added.
The MENA Summit brought together a curated group of high-profile senior executives, investors, government officials, sovereign wealth fund directors, and philanthropists to discuss, develop, and create solutions to key issues related to modernizing economies and drive development in the region.
The Milken Institute is a nonprofit, nonpartisan think tank determined to increase global prosperity by advancing collaborative solutions that widen access to capital, create jobs and build meaning lives through independent, data-driven research, action-oriented meetings, and meaningful policy initiatives.
Bahrain Real Estate Investment Company (Edamah) is the real-estate arm of the sovereign wealth fund of the Kingdom of Bahrain. Incorporated in 2006 to manage and expand an assorted portfolio of real-estate in Bahrain, Edamah has established itself as one of the Kingdom’s leading property developers. With 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 strives to transform the Kingdom’s diverse and dynamic property sector. Edamah’s portfolio will also include projects in the leisure and entertainment and industrial sectors.
For more information about Edamah, please visit the website www.edamah.com
This press release has been issued by TRACCS Bahrain.
For further information, please contact
Tel: +973 17 592008 Ext. 101 | M: +973 66395500
© Press Release 2019