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$ 30 million the cost of First Bahrain’s new commercial project

Bahrain - June 29, 2015
Kuwait Finance House

First Bahrain Real Estate Development announced the signing of a new agreement with Kuwait Finance House to finance a new commercial project in Janabiyah area at a cost estimated at $ 30 million.

It is worth mentioning that Almoayyed Contracting Group and Sanad Engineering office have been appointed to do the design and construction of the project and that was prior to the announcement of the agreement with the Finance House.

The works on the first phase of the mall have already started, which extends over 86,000 square feet where 48,000 square feet have been allocated for rent. The entire project is expected to be completed by the second quarter of 2016.

The project is easily accessible from Sheikh Isa bin Salman Highway on the way to the King Fahd Causeway to Saudi Arabia.

In an interview with Sattam al-Gosaibi, executive director and head of corporate finance at Kuwait Finance House, he said that the joint cooperation between the Kuwait Finance House and First Bahrain real estate development has been going on for more than seven years now, where this long this partnership is very important for the Kuwait Finance House.

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