Bahrain Real Estate Investment Company (Edamah) the real-estate arm of the sovereign wealth fund of the Kingdom of Bahrain, was honoured at the Dubai, Africa & Arabia Property Awards Ceremony, hosted by one of the largest and widely recognised award bodies across the region which was held in the London Marriott Grosvenor Square on the 12th June. Edamah received a total of three awards across different categories for its ‘Sa’ada’ waterfront project, receiving an award for ‘Leisure Architecture Bahrain’ and an additional two awards, each with 5 star ratings, for ‘Best Leisure Development Bahrain’ and ‘Best Mixed-use Development Bahrain’.
The ‘Sa’ada’ project comes in line with Edamah’s long-term strategy focused on developing new projects and renovating existing ones in a sustainable and holistic manner, managing them all in accordance to international standards and utilizing best industry practices while seeking to meet market needs; thereby positively contributing to further diversifying the economy in line with the Economic Vision 2030.
Mr. Amin Alarrayed, the Chief Executive Officer of Edamah, attended the award ceremony in London to receive the award on behalf of the Company. Commenting on the occasion, the CEO of Edamah revealed, “These awards would not have been possible without the continual guidance and support granted by the wise Leadership and Government of the Kingdom of Bahrain. Starting from the project’s inception wherein HRH Prince Khalifa bin Salman Al Khalifa, the Prime Minister named this project ‘Sa’ada’ we are grateful for their guiding force in enabling this unique waterfront project to transform from a vision into a reality.”
“As the world of Real Estate continues to evolve at a rapid pace, these awards are imperative to continue to promote increased innovation and excellence in the industry; and are a living testament to Edamah’s commitment and focus to developing large-scale strategic projects that are led by the needs of the local community in order to enhance the local real estate market in a sustainable manner.”
“I would like to extend my gratitude to our partners, employees, and to everyone who has been a part of this project, I’d like to thank Gulf House Engineering for their support as the lead consultants for this project; these awards are truly a reflection of all their hard work and dedication,” he added.
Currently, the construction works are expected to be completed during the current month of June 2019 for the first building of the project, with the project in its entirety expected to be completed at the end of November this year. As for the progress of building construction, which is currently at a completion rate of 71%, it is expected to be fully completed by September 2019.
This year marks the International Property Awards’ 26th year of operation, which cover over 45 different residential and commercial categories, the three categories were awarded to Edamah in light of the uniqueness of the ‘Sa’ada’ waterfront project, which was designed to cater to the public as a value-adding project for the community at large by offering differentiated facilities to the Kingdom.