Bahrain Real Estate Investment (EDAMAH) has said that it is inviting bids to develop a 20,717sqm plot of land at Hidd in the Muharraq Governorate of the Kingdom, for a mixed-use investment project.
In a statement, EDAMAH said that the land is strategically located near new waterfront developments such as Diyar Al Muharraq and Dilmunia, while also overlooking Arad Highway, which is opposite Bahrain International Airport.
As the real estate arm of Bahrain’s sovereign wealth fund, EDAMAH was incorporated in 2006 to manage and expand an assorted portfolio of real estate in the country. It has since established itself as one of the leading property developers in the country.
In addition, EDAMAH has said that it is also seeking bids for the development of six more plots, with a total area of 5,618sqm at Askar, which is within the Southern Governorate, for another mixed-use investment project.
It said that this project is also strategically located near the Khalifa town housing project and will offer a clear view of the King Hamad Highway.
In September 2021, major investments from UAE-based property developers helped Bahrain rank first in the Middle East and Africa (MEA) region for attracting the highest tourism capital investment in 2020, while in August 2021, Edamah and Minor Hotels signed a deal to develop two upscale hotels in the country. In April 2022, Diyar Al Muharraq announced the completion of infrastructure works for the main roads on the Southern Island within its integrated residential city in Bahrain.
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