First Bahrain and KFH-Bahrain sign project financing deal.First Bahrain Real Estate Development Co. (First Bahrain) - a leading regional real estate developer- today announced it had closed on an Islamic project financing Project financing
A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. facility with Kuwait Finance House - Bahrain (KFH-Bahrain) to develop a USD USD
In currencies, this is the abbreviation for the U.S. Dollar.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 25 million warehousing and logistics facility. The project will be located at the Bahrain Investment Wharf (BIW BIW Body in White (automotive design technique)
BIW Business Information Warehouse
biw Biweekly (medication dose)
BIW Building Information Warehouse
BIW Ben Ik Weer (Dutch: I'm Back) ), strategically located near the new Shaikh Khalifa Port due to open in October 2008.
In making the announcement today, Amin A. Al Arrayed, General Manager of First Bahrain said that he was delighted that negotiations with KFH-Bahrain had come to a successful conclusion: "The financing comes in perfect timing as we have just received our building permits from the Muharraq Municipality MUNICIPALITY. The body of officers, taken collectively, belonging to a city, who are appointed to manage its affairs and defend its interests. and we expect to receive tenders from contractors within the week. We would like to thank KFH-Bahrain for all of their efforts and belief in First Bahrain and we look forward to working with them on future transactions."
He continued: "We have taken an aggressive approach during the pre-financing period of the project to set the stage for a fast track construction schedule. We have been hard at work on the design and now the project financing is complete, we are ready to begin construction."
The complex which will be built in two phases over an area of 43,000 square meters will offer approximately 150 units for lease which will range in space from 80 square meters upwards. Phase one is due for completion in mid 2009. Strategically located with easy access to airports, seaports This is a list of the world's seaports: Atlantic Ocean
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