First Bahrain announces joint opening of Bahrain and Kuwait offices
- Bahrain: Sunday, January 27 - 2008 at 17:00
- PRESS RELEASE
First Bahrain Real Estate Development Co. (First Bahrain) - a leading regional real estate developer with a paid up capital of $106,800,000 - today announced the joint openings of its two new offices in Bahrain and Kuwait.
Speaking on the importance of the strategic location of First Bahrain's office openings, General Manager, Amin Al Arrayed, who leads the combined office teams commented: "Our offices will enable us to develop a solid investor base in both countries while the liberal economic environment will facilitate more and more foreign investment in both countries. The building of our portfolio and human capital is also a critical step towards our future listing on the Kuwait Stock Exchange."
The simultaneous openings of the new offices will facilitate seamless integration between First Bahrain's three core operating teams, investments, projects development and operations; each of which has elements in both offices. In addition to the office openings, First Bahrain is actively recruiting, and plans to grow its team in line with increasing commitments for future projects and opportunities.
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Notes and Media Contacts »
The new Kuwait office is located in Al Qibla district across the street from the Sheraton Hotel on the 15th floor of the Al-Khaleej Tower on Abu Baker Al Sadeeq Street. The new phone is +965 2243838 and the new fax is +965 2243839.
About First Bahrain
First Bahrain Real Estate Development Company is a regional real estate developer established in Kuwait in October 2004 with a paid up capital of KD 30,000,000 ( USD 106,800,000)
First Bahrain's principal shareholders are leading regional institutions and high-profile real estate investors including Global Investment House, Wafra International Investments, Esterad Investment Co, Action Real Estate Group and Al Manar Leasing and Financial Co.
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Posted by Lara Lynn Golden, News Editor



