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  • 24-03-18

    Bahrain's developer to create company for mixed-use waterfront project

    (MENAFN) Bahrain's Seef Properties is to launch a project to create a real estate company aimed at the construction of a mixed-use waterfront initiative between the two bridges within the Capital Governorate.

    The developer issued a statement revealed it acquired 25 percent shares of the new company, as the rest belongs to unidentified investors.

    Seef Properties' chief Essa Najibi declared "it is with great pleasure that we announce the establishment of a real estate company to develop a well-designed and unique mixed-used project."

    The chairman added "currently, we are in the process of developing a project plan as well as appointing consultancy firms for the master plan. Further details regarding the project will be announced upon the completion of this phase."

    MENAFN2403201800450000ID1096645430

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