Diyar Al Muharraq officially signed as sole Prime Sponsor for BIPEX 2009

A Memorandum of Understanding, (MoU) was signed by Mr. Aref Ahmed Hejres, Chief Executive Officer, Diyar Al Muharraq and Mr. Mohammed Khalil Alsayed, Chairman, BIPEX 2009, in the presence of senior dignitaries at a ceremony held at the Ritz-Carlton Hotel & Spa.

Commenting on Diyar Al Muharraq's participation as Prime Sponsor, Mr. Hejres said, "As responsible developers of one of the biggest mixed-use residential urban developments ever undertaken by the private sector in Bahrain, it is a matter of pride for us to be associated with BIPEX 2009, the Kingdom's premier real estate event."

"This remarkable annual event has been successfully chartering the growth of the real estate sector in the GCC region over the years since its inception, bringing together all stakeholders under one roof to discuss potential real estate solutions in the current scenario and providing a window into the future. We are delighted to be prime sponsors of the show and feel an event of this scale provides the ideal platform to highlight our products and familiarise visitors with our real estate investment philosophy," he added.

The Diyar Al Muharraq project is a unique $3.2bn (BD1.2bn) master planned city in the Kingdom of Bahrain offering a range of quality housing and lifestyle options for all strata of society. Situated on the northern shores of Muharraq, its attractions include over 40km of waterfront and sandy beaches - the most extensive publicly accessible waterfront in the Kingdom.

Mr. Jameel Al Alawi, Director of Conferences at BSE said, "Any discussion about the realty sector in Bahrain would remain incomplete without a reference to Diyar Al Muharraq, the mega mixed-use development that will eventually house over 100,000 people in around 30,000 dwellings catering to all sections of society."

"Our philosophy at BSE is to make BIPEX a widely accessible and all-inclusive event that holds up a mirror to the real estate industry, permitting it to reflect, analyse, make course corrections and plan for a healthy and robust future. It is a pleasure to have Diyar Al Muharraq as sole Prime Sponsor for BIPEX 2009 and we are confident the sixth edition of this prestigious property show will assist them in effectively meeting their broader objectives," Al Alawi added.

Under the patronage of H.E. Shaikh Khalid bin Abdulla Al Khalifa, Minister of the Prime Minister's Court, Kingdom of Bahrain, BIPEX 2009 will be held from Wednesday, October 14 till Friday, October 16, 2009 at Bahrain International Exhibition Centre.