Amlak Real Estate Co. has announced that it’s going to invest in a large land plot of 9 million square meters in Qalali region in Bahrain. The process is aimed to increase the company’s revenues, polarize more foreign investments to the kingdom, and insure pensioners’ rights as the company as the investment subsidiary of the Social Insurance Organization.
Amlak will create a limited liability subsidiary to manage the needed studies and research the suggested projects to take place on the ear marked plot in order to attract direct foreign investments.
Abdurrahman Youssef Fikhro, Amlak CEO, said that investments on this land plot will create more promising potential for achieving better results and obtaining added value on pensioners’ money in order to cover all liabilities towards them.
It’s worth mentioning that Amlak is about to announce launching other new projects in the near future including a shopping mall in the heart of Manama. The company develops also a residential building in Um Al Hism of 6 floors, besides its “Bahrain Marina” project located on Marina Club’s land.