$66m shopping complex on the way in Bahrain.Byline: Manama Manama Arabic Al-Manamah City (pop., 2001: 143,035), capital of Bahrain. Situated at the northeastern tip of Bahrain island, it is Bahrain's largest city, with about one-fifth of the emirate's population. Eskan Bank and Seef Seef (Arabic: السيف) is a district near Manama in the island kingdom of Bahrain. Seef is a result of active reclamation work which has dramatically changed the Bahrain coastline. Properties have signed a joint venture agreement for the development of a BD25 million ($66.3 million) shopping complex in the Saar area. Eskan Bank will be appointed as financial advisers for the project and Eskan Properties will be appointed as development managers. Seef Properties will be appointed as property managers following the completion of the project. The project will be developed on adjacent lands owned by Eskan Bank and Seef Properties where Saar Cinema is currently located. The area of the land is around 20,000 sq/m. The project will include shops, entertainment facilities, cinemas and an executive office for the mall management. Work is expected to commence at the beginning of next year and will take around two years for completion. 'Eskan Bank has participated in this project as a result of the bank's chairman's and board's commitment to the importance of developing of shopping complexes and community projects for the development of residential areas,' said Eskan Bank general manager Sabah Sabah (sä`bä), state (1991 pop. 1,736,902), 28,417 sq mi (73,600 sq km), Malaysia, N Borneo, on the South China and Sulu seas. It is bordered on the south by Kalimantan (Indonesian Borneo). Almoayyed. 'This initiative is part of the future geographic expansion for the real estate development of the cities and rural areas as well as the distribution of the facilities and investment projects in all residential areas and not only in certain places but throughout Bahrain Bahrain or Bahrein (both: bärān`, bə–), officially Kingdom of Bahrain, constitutional monarchy and archipelago (2005 est. pop. 688,300), 266 sq mi (689 sq km), in the Persian Gulf. . 'This will help the economic development and will enhance the Bahraini community and will establish job opportunities in residential areas. 'The idea behind establishing this shopping complex is a response to the continuous demands in that area, especially that the Saar area is considered as one of the new areas that is encountering a noticeable economical progress, which led us to realise the importance of developing this mall that we hope will help in the development of the area and its economical progress and will facilitate the lives of the residents of Saar and adjacent areas,' she said. 'We highly appraise appraise v. to professionally evaluate the value of property including real estate, jewelry, antique furniture, securities, or in certain cases the loss of value (or cost of replacement) due to damage. the fruitful fruit·ful adj. 1. a. Producing fruit. b. Conducive to productivity; causing to bear in abundance: fruitful soil. 2. co-operation with Eskan Bank which will be an initiative to future co-operation for the development of other projects,' said Seef Properties chairman Abdul Abdul (also transliterated Abdel, `Abd al-, and other ways) means "servant of the", and is the first part of many Arabic names. It is combined with one of the 99 Names of God in the Qur'an to form a two-word Arabic theophoric name. Rahman Fakhro Fakhro or Al Fakhro (فخرو in Arabic} is the family name of an Arab business family located in Bahrain, Qatar, and Saudi Arabia. The Al Darwish الدرويش , Al Obaidan . 'We fully believe in the importance of the development of this shopping complex in a vital area such as Saar. The shopping complex will also provide family entertainment facilities.'- TradeArabia News Service Copyright 2008 www.tradearabia.com Copyright 2009 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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