MANAMA, Bahrain, February 28, 2016 /PRNewswire/ --
The 2016 Bahrain Bay Business Forum, a well-attended investor event, which brought together partners, associates and dignitaries involved with Bahrain Bay, a luxury waterfront development, was held at the Four Seasons Hotel Bahrain Bay on Thursday, 25 January 2016. The gathering of top-level attendees provided a unique opportunity to meet new business partners and build closer relationships.
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A joint venture between Arcapita and a Bahrain-based investment group, the $2.5 billion Bahrain Bay development, has attracted some of the best-known international brands to Bahrain. Many of the third party developers from Bahrain, the GCC and India were present for the 2016 Bahrain Bay Business Forum.
The Forum began with an address from the Chairman of Bahrain Bay and CEO of Arcapita, Atif Abdulmalik followed by a presentation from the CEO of Bahrain Bay, Gagan Suri. Speakers also included several prominent partners and associates, amongst whom were Mohamed Al Mutaweh, Chief Executive Officer & Board Member of Al Baraka Islamic Bank; Faisal Bin Faqeeh, the Chairman of Bin Faqeeh Real Estate Investment Group; Nayan Shah, the CEO and Managing Director of Mayfair Group; and Greg Pirkle, the General Manager of Four Seasons Hotel. Sharing their insights also were Jarmo Kotilaine, Chief Economist-Market Strategy & Intelligence at the EDB and Xavier Theillere, the Regional Director of Bahrain Bay Utilities.
The Forum provided a platform that strengthened high value networks and gave Bahrain Bay an opportunity to communicate its vision and update the guests on the progress of the development.
Speaking on the occasion, Mr Atif Abdulmalik, Chairman of Bahrain Bay said, "Bahrain Bay revolves around creating a metropolis for 21st century living that will meet the needs of residents, businesses and visitors from all over the world. Despite the uncertain geopolitical climate and volatile economic climate, the positive activity at Bahrain Bay has set an encouraging momentum which is promising as we focus on achieving our vision, our future of becoming a true legacy for the Kingdom of Bahrain."
The Bahrain Bay Business Forum was also viewed as an excellent opportunity to showcase Bahrain, and to highlight its business friendly and progressive economy. The development stands well positioned as it offers enormous opportunities, impacts the lifestyle of citizens, and significantly influences the economy, while consolidating the Bahrain's status as a hub for business and investment opportunities in the region.
Gagan Suri, CEO, Bahrain Bay added, "We have been very successful in presenting a dynamic investment environment through the premium properties and the excellent facilities of Bahrain Bay. We are proud of the fact that Bahrain Bay has remained stable through the economic challenges of the last decade. We have a network of strong and trusted partners and investors with whom we have a unified vision. This forum will help in setting up crucial partnerships and provide information and support to potential international investors in the Kingdom."
Bahrain Bay has continued to maintain its reputation as one of the most robust and successful real estate projects in Bahrain. The past year has been one of growth and expansion, with over 86 percent of plots sold, the infrastructure complete and projects of third party developers nearing completion. Bahrain Bay continues to invite investor interest as the best address for business, hospitality and residential developments.
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ABOUT BAHRAIN BAY:
The $2.5 billion mixed-use luxury waterfront development is designed around vibrant neighbourhoods of residential, commercial and retail spaces, with easy access to Bahrain International Airport, the King Faisal Highway and strategically placed to cater to business as well as leisure travelers and residents. It also has a distinct advantage being built on the fringe of a thriving existing commercial and business district and just across the World Trade Centre.
Bahrain Bay is a joint venture between Arcapita and a Bahrain-based investment group. A public launch was held on 12th December 2006 under the patronage of His Majesty King Hamad bin Isa Al-Khalifa, presided by the event's guest of honor His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince of the Kingdom of Bahrain.
Further details on Bahrain Bay can be found at http://www.bahrainbay.com
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