The real estate arm of Bahrain Mumtalakat Holding Company, Edamah, has announced a strategic partnership with Ali & Mohammed Yateem Bros Company to develop a mixed-use investment project in Arad, Muharraq Governorate. The partnership is valued at over BHD 5 million and aims to promote economic growth and build partnerships with the private sector.
Edamah and Ali & Mohammed Yateem Company won the project bid through a public auction organized by the Government Land Investment Platform through the Tender Board.
A Community-Centric Approach
The project, located on Edamah’s 16,000 square meter plot in Arad, will feature 52 commercial units, restaurants, medical clinics, and retail outlets, along with a fuel station and other support services. The total commercial built-up area is 4,500 square meters, of which 4,120 square meters will be leasable.
- Community-centric design
- 52 commercial units
- Restaurants, medical clinics, and retail outlets
- Fuel station and other support services
The project aims to enhance quality of life for citizens and residents, providing a unique blend of commercial and residential facilities.
Key Highlights
- Valued at over BHD 5 million
- Community-centric approach
- 52 commercial units and other facilities
- Total commercial built-up area of 4,500 square meters
Quotes from the Partners
Mr. Khalid Abdulrahman Al-Majid, CEO of Edamah: “This project highlights Edamah’s commitment to effective, strategic investments that maximize the use of our real estate portfolio while enhancing the company’s financial returns. Projects such as this one serve as a powerful catalyst for economic growth, providing benefits to society and the Kingdom’s real estate sector.”
Mr. Mohammed Hussain Yateem, Vice Chairman of Ali & Mohammed Yateem Bros Company: “We are delighted to be collaborating with Edamah to expand our investment portfolio through the development and operation of this unique project.
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