Events

Haji Hassan, a Bahrain-headquartered construction-focused group, has for the second successive year signed up as a strategic sponsor of gulfBID exhibition, to be held in the kingdom in April.

gulfBID 2016 is the annual specialist construction and building material exhibition targeting Saudi Arabia, Bahrain, UAE, Oman, Kuwait and Qatar.

The show is held under the patronage of the Prime Minister of Bahrain, HRH Prince Khalifa bin Salman Al Khalifa, and runs from April 26 to 28  at the Bahrain International Exhibition and Convention Centre.

Adel Hassan Al A’Ali, director of the Haji Hassan Group, said: “Our strategic sponsorship support for gulfBID delivers two goals for the company.  Firstly, we look to promote the world-class capabilities of Haji Hassan which has been built over 60 years of expertise and investment in our facilities; and second, we see gulfBID as an important showcase to present Bahrain as a leader in quality building materials.”

Haji Hassan Group, which has joint venture partnerships across the GCC, is a conglomeration of complementary businesses which have been serving the construction and industrial services sectors in Bahrain and the region since 1952.

The company manufactures building materials, precast concrete, ready-mix concrete, plastic and sewage pipes, construction chemicals, concrete blocks, steel reinforcement, rubber and mechanical engineering spare parts, all of which are essential for the construction sector.

The group has an impressive track record of high-profile construction projects in Bahrain. This includes the Sitra Causeway; Durrat Al Bahrain; the North Manama Causeway; runway upgrades and new apron stands at Bahrain International Airport; and the Sofitel Bahrain luxury resort hotel.

“Bahrain has been a pioneer in the building materials sector, not only because of the standards set by the private sector but also because of the stringent specifications imposed by the government through the Ministry of Works,” said Jubran Abdulrahman, managing director of the event organiser HCE.

“The participation of Haji Hassan provides visitors an insight into an iconic company involved in the development of the building materials sector in the GCC who have developed products to meet the the ongoing requirements of the GCC construction sector,” added Abdulrahaman.

A regular exhibitor at gulfBID, Haji Hassan will be showcasing products and services from its portfolio of joint venture partners and divisions, including Bahrain Precast Concrete, Bahrain Blocks, Haji Hassan Readymix, Arabian Chemical Industries (Isola), Haji Hassan Reinforcement, Arabian Parts Company and Bahrain Pipes.

gulfBID takes place alongside two other major exhibitions – the Gulf Property Show and gulf Interiors – thus ensuring the continued success of the biggest integrated business-to-business showcase for the construction, interiors and property sectors in the Northern Gulf.

Source: tradearabia.com

The level of contract awards in the GCC projects market will fall slightly to $167 billion in 2016 compared to $197 billion in 2015, but the impact of oil price volatility will be limited, a new report said.

The $2.5-billion Bahrain Bay development in Manama is drawing increased investor interest following the completion of key aspects of the project, a forum heard.

The past year has been one of growth and expansion, with over 86 percent of plots sold, the infrastructure complete and projects of third party developers nearing completion, officials said at the Bahrain Bay Business Forum.

The development stands well positioned as it offers enormous opportunities to investors as it consolidates Bahrain’s status as a hub for business and investment opportunities in the region, the forum heard.

The forum, a well-attended investor event, which brought together partners, associates and dignitaries involved with Bahrain Bay, a luxury waterfront development, was held at the Four Seasons Hotel on Thursday (January 25).

A joint venture between Arcapita and a Bahrain-based investment group, the Bahrain Bay development has attracted some of the best-known international brands to Bahrain. Many of the third party developers from Bahrain, the GCC and India were present for the forum.

The forum began with an address from Bahrain Bay chairman and Arcapita CEO Atif Abdulmalik, followed by a presentation from Bahrain Bay CEO Gagan Suri. Speakers also included several prominent partners and associates, amongst whom were Mohamed Al Mutaweh, CEO and board member of Al Baraka Islamic Bank; Faisal Bin Faqeeh, chairman of Bin Faqeeh Real Estate Investment Group;  Nayan Shah, the CEO and managing director of Mayfair Group; and Greg Pirkle, general Manager of Four Seasons Hotel. Sharing their insights also were Jarmo Kotilaine, chief economist, market strategy and intelligence at the EDB, and Xavier Theillere, regional director of Bahrain Bay Utilities.

The forum provided a platform that strengthened high value networks and gave Bahrain Bay an opportunity to communicate its vision and update the guests on the progress of the development.

Abdulmalik said: “Bahrain Bay revolves around creating a metropolis for 21st century living that will meet the needs of residents, businesses and visitors from all over the world. Despite the uncertain geopolitical climate and volatile economic climate, the positive activity at Bahrain Bay has set an encouraging momentum which is promising as we focus on achieving our vision, our future of becoming a true legacy for the Kingdom of Bahrain.”

The forum was also viewed as an excellent opportunity to showcase Bahrain, and to highlight its business friendly economy.

Suri added: “We have been very successful in presenting a dynamic investment environment through the premium properties and the excellent facilities of Bahrain Bay. We are proud of the fact that Bahrain Bay has remained stable through the economic challenges of the last decade. We have a network of strong and trusted partners and investors with whom we have a unified vision. This forum will help in setting up crucial partnerships and provide information and support to potential international investors in the kingdom.”

Source: TradeArabia.com

The 2016 Bahrain Bay Business Forum, a well-attended investor event, which brought together partners, associates and dignitaries involved with Bahrain Bay, a luxury waterfront development, was held here recently.

The gathering of top-level attendees provided a unique opportunity to meet new business partners and build closer relationships.

A joint venture between Arcapita and a Bahrain-based investment group, the $2.5 billion Bahrain Bay development, has attracted some of the best-known international brands to Bahrain. Many of the third party developers from Bahrain, the GCC and India were present for the 2016 Bahrain Bay Business Forum.

The Forum began with an address from the Chairman of Bahrain Bay and CEO of Arcapita, Atif Abdulmalik followed by a presentation from the CEO of Bahrain Bay, Gagan Suri. Speakers also included several prominent partners and associates, amongst whom were Mohamed Al Mutaweh, Chief Executive Officer & Board Member of Al Baraka Islamic Bank; Faisal Bin Faqeeh, the Chairman of Bin Faqeeh Real Estate Investment Group; Nayan Shah, the CEO and Managing Director of Mayfair Group; and Greg Pirkle, the General Manager of Four Seasons Hotel. Sharing their insights also were Jarmo Kotilaine, Chief Economist-Market Strategy & Intelligence at the EDB and Xavier Theillere, the Regional Director of Bahrain Bay Utilities.

The Forum provided a platform that strengthened high value networks and gave Bahrain Bay an opportunity to communicate its vision and update the guests on the progress of the development.

Speaking on the occasion, Mr Atif Abdulmalik, Chairman of Bahrain Bay said, “Bahrain Bay revolves around creating a metropolis for 21st century living that will meet the needs of residents, businesses and visitors from all over the world. Despite the uncertain geopolitical climate and volatile economic climate, the positive activity at Bahrain Bay has set an encouraging momentum which is promising as we focus on achieving our vision, our future of becoming a true legacy for the Kingdom of Bahrain.”

The Bahrain Bay Business Forum was also viewed as an excellent opportunity to showcase Bahrain, and to highlight its business friendly and progressive economy. The development stands well positioned as it offers enormous opportunities, impacts the lifestyle of citizens, and significantly influences the economy, while consolidating the Bahrain’s status as a hub for business and investment opportunities in the region.

Gagan Suri, CEO, Bahrain Bay added, “We have been very successful in presenting a dynamic investment environment through the premium properties and the excellent facilities of Bahrain Bay. We are proud of the fact that Bahrain Bay has remained stable through the economic challenges of the last decade. We have a network of strong and trusted partners and investors with whom we have a unified vision. This forum will help in setting up crucial partnerships and provide information and support to potential international investors in the Kingdom.”

Bahrain Bay has continued to maintain its reputation as one of the most robust and successful real estate projects in Bahrain. The past year has been one of growth and expansion, with over 86 percent of plots sold, the infrastructure complete and projects of third party developers nearing completion. Bahrain Bay continues to invite investor interest as the best address for business, hospitality and residential developments.

Source: Bahrain News Agency

Bahrain is a key partner, Russian President Vladimir Putin said yesterday following talks with His Majesty King Hamad at Bocharov Ruchei presidential residence in the Black Sea resort of Sochi.

He pledged to continue efforts to bolster co-operation, in light of the global economic and security related challenges.

“Bahrain is a key partner not only in the Gulf region but also in the Middle East,” he said.

“We are happy to meet our Bahraini friends and discuss the overall regional and international situation with them,” the Russian President said.

Thanking President Putin for the invitation to visit Russia, His Majesty said it was an opportunity to bolster bilateral relations.

“Undoubtedly the situation in the Middle East is important,” the King said, stressing the need for co-operation to overcome economic and security challenges.

Source: GDNonline