This year's exhibition is expected to attract more than 26,000 real estate professionals from around the world to conduct business and discuss latest industry trends.
Last year's MIPIM saw more than 6,700 investors attending, more than 2,500 companies exhibiting and 83 countries represented.
Commenting on the news, Bob Vincent, Chief Executive, Bahrain Bay, said:
"Today's news confirms that international and regional developers and investors are committed to our vision of creating a new waterfront community for the rapidly developing north shore of Manama, the vibrant hub of Bahrain's business district. As the economy of Bahrain grows and diversifies a new community will be created that will offer a way of living and working designed for the 21st Century. Bahrain Bay will offer a distinct fusion between the calm of water and the vitality of an urban centre, the essence of Bahraini tradition. We aim to create a new standard in urban development not only in the region but also globally. We are currently in discussions with other prospective regional and international investors in Bahrain Bay and we are confident that the remaining land parcels will be allocated well within our schedule".
Bahrain Bay offers a range of high quality development opportunities for developers and investors to participate in creating residential, commercial and retail offerings around its anchor developments.
The new corporate HQ building for Arcapita, the leading international investment firm and the principal shareholder in the project forms one of the three anchors to the project.
In addition, Bahrain Bay is also anchored by the Kingdom's only Four Season's Hotel as well as CapitaLand's first GCC development, Raffles City Bahrain.
Bahrain Bay has also attracted investment from leading local and regional firms such as Al Baraka Group, the Bahrain based global Islamic bank, as well as Salhia Real Estate Company, the leading Kuwaiti property developer.
In addition, Guidance Financial Group, the international Shariah compliant financial services group, has recently committed to developing a Shariah based boutique hotel within Bahrain Bay.
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Posted by Eman Hassan
