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Friday, November 13 - 2009

Manara Developments sponsor NYIT charity event

Manara Developments, a Bahrain-based real estate development company, has become the Platinum Sponsors for the 2009 Charity Carnival organised by the New York Institute of Technology (NYIT), Bahrain.

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The charity event is being organised for the third consecutive year and all proceeds will be donated to the Diabetic Children's Wing in the Salmaniya Hospital.

Manara's decision to participate in this event was guided by the company's 'All Considered' promise and deep-rooted sense of social responsibility.

"The Manara staff are committed to benefiting the community which houses them. At the end of the day, we all live and work in the same communities we develop and want to see them thrive; to a great extent, this sense of empathy is what drives us to develop socially-aware projects that are in keeping with their surroundings and take into consideration the needs and sensitivities of the local market."


explains Kareem M. Shamma, CEO of Manara Developments.

The theme for this year's carnival is going to be 'behinds the scenes', and will provide a valuable educational experience for the NYIT students who are working in teams to present a variety of different 'movie genres' to the visitors and will be competing for the winning prize.

Kareem also went on to explain that "at Manara Developments, we firmly believe in giving back to the communities we develop in, just as much as we believe in creating value for the buyers of our projects. The sponsorship of the NYIT Charity Carnival 2009 is the first step of many planned initiatives for Manara Developments in Bahrain, and we are in the process of developing a sustainable corporate social responsibility programme which we will implement in the near future."
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Notes and media contacts

About Manara Developments Company BSC (c):
Manara Developments is a Bahrain-based real estate development company with a diverse project portfolio valued at approximately BD1 billion. Established as a joint venture between Al Salam Bank Bahrain and strategic investors from around the GCC, Manara is determined to bring new insights, a fresh perspective and an All Considered approach to the real estate market.

For more information, please contact:
Irene Karamitsou
Marketing and Corporate Communications Manager
Manara Developments
Tel: +973 1751 8666
Fax: +973 1713 1074

Sami Amin
Account Manager
Hill & Knowlton
Tel: +973 17 533532
Fax: +973 17 533370

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