Eagle Hills International launches Bahrain JV
New entity backed by $4bn funding from Abu Dhabi titan and local investment consortium
Binaa Al Bahrain, a new real estate joint venture from Eagle Hills International, has been set up to focus on creating expansive mixed-use projects across the Kingdom of Bahrain, offering diverse residential, commercial, and entertainment opportunities.
Abu Dhabi-based private real estate investment and development company, Eagle Hills International has launched the US $4bn real estate venture with a strategic cluster of Bahraini partners.
Mohamed Alabbar, Chairman of Eagle Hills International commented, “The decision to invest in Bahrain through the establishment of Binaa Al Bahrain is a direct result of the remarkable success achieved with the Marassi Al Bahrain partnership. It represents a milestone in our collaborative efforts and underlines our commitment to further strengthen ties between the two countries while propelling transformative real estate projects in the Kingdom.”
“And in addition to the increased investment, the joint venture aspires to create extensive job opportunities for young Bahrainis not only within the real estate sector but also in hospitality and healthcare,” he added.
Binaa Al Bahrain is now set to become one of the foremost developers in the Kingdom, boasting an expanded portfolio of prominent real estate projects strategically situated across various areas within Bahrain in the Muharraq, Southern and Capital governorates.
Some of its key projects include Southern City project, Al Furdah project, the next phase of Marassi Al Bahrain and further developments in Diyar Al Muharraq. Meanwhile, the strategic plan for the new entity is that it will continue to build innovative, sustainable developments that retain the Bahraini identity and foster long-term growth and economic progress in the Kingdom.
