Edamah and Ali & Mohammed Yateem Bros Company sign strategic partnership
Manama, Bahrain: As part of its ongoing efforts to promote economic growth and build partnerships with the private sector, Edamah (Bahrain Real Estate Investment Company), the real estate arm of Bahrain Mumtalakat Holding Company (Mumtalakat), announced the launch of a strategic partnership with Ali & Mohammed Yateem Bros Company. The agreement covers a mixed-use investment project valued at over BHD 5 million in Arad, Muharraq Governorate. Ali & Mohammed Yateem Company won the project bid through a public auction organized by the Government Land Investment Platform through the Tender Board.
The project will be located on Edamah's 16,000 square meter plot in Arad. Designed with a community-centric approach in mind, the project aims to enhance quality of life for citizens and residents. It will include 52 commercial units as well as restaurants, medical clinics, and retail outlets, along with a fuel station and other support services. The total commercial built-up area is 4,500 square meters, of which 4,120 square meters will be leasable.
Mr. Khalid Abdulrahman Al-Majid, CEO of Edamah, noted: 'This project highlights Edamah's commitment to effective, strategic investments that maximize the use of our real estate portfolio while enhancing the company's financial returns. Projects such as this one serve as a powerful catalyst for economic growth, providing benefits to society and the Kingdom's real estate sector.'
Mr. Mohammed Hussain Yateem, Vice Chairman of Ali & Mohammed Yateem Bros Company, added: 'We are delighted to be collaborating with Edamah to expand our investment portfolio through the development and operation of this unique project. The addition of commercial facilities, green outdoor spaces, and a fuel station will widen the range of services available to residents and visitors.'
Edamah's real estate portfolio has seen significant growth through sustainable investment partnerships with local and regional companies. Construction on the project is scheduled to begin by early 2026.
Media contact:
Amy Vaya
Perceptions
Email: amy@perceptions.me
About Edamah
Bahrain Real Estate Investment Company (Edamah) is the real-estate arm of Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain. Incorporated in 2006 to manage and expand an assorted portfolio of real-estate in Bahrain, Edamah has established itself as one of the Kingdom's leading property developers. With an unwavering commitment to its founding principles of quality, efficiency and sustainability, and in line with the highest standards of transparency and corporate governance, Edamah strives to transform the Kingdom's diverse and dynamic property sector. Edamah's portfolio will also include projects in the leisure and entertainment and industrial sectors.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
3 days ago
- Al Etihad
TRENDS launches mobile app to expand access to knowledge
9 June 2025 19:26 ABU DHABI (ALETIHAD)In a new step reflecting its commitment to innovation and digital transformation, TRENDS Research & Advisory has officially launched its new mobile application, TRENDS Research and Advisory, now available on both the App Store and Google launch took place during TRENDS' Smart Research Retreat at its headquarters in Abu Dhabi, led by its CEO, Dr. Mohammed Abdullah Al-Ali. Department heads, sector leaders, and staff members attended the event. The move aligns with TRENDS' mission to broaden its reach and solidify its position as a leading global think app serves as a comprehensive platform that allows users to browse a wide range of TRENDS publications, including research papers, reports, and specialised studies, as well as access training and advisory services.A key feature of the app is the TRENDS podcast series, offering in-depth analysis of political, economic, and social issues. Designed for easy access and a modern look, the app brings high-quality content to users in a convenient and interactive Mohammed Abdullah Al-Ali described the app launch as a significant milestone in TRENDS' journey toward achieving its strategic goals in knowledge dissemination and community engagement. 'At TRENDS, we believe that fast and easy access to accurate information is key to understanding the complexities of today's world,' he said. 'This app is a major step toward that goal, and we invite researchers, students, and the general public to download it and join us in exploring new insights, empowering ideas, and shaping the future through knowledge.'Nasser Mohammed Al Ali, Head of the Administrative and Media Affairs Sector, emphasised that the app was designed to deliver a smooth, rich experience, offering users instant access to a vast library of specialised content. He noted that this step reflects TRENDS' commitment to innovation and meeting the needs of its growing digital audience. Elyazia Al-Hosani, Deputy Head of the Administrative and Media Affairs Sector, added that the app is more than just a content platform; it is an interactive channel that strengthens engagement between the centre and its audience. She highlighted the app's user-friendly design and comprehensive features, which are tailored for researchers, enthusiasts, and decision-makers alike.
Al Etihad
31-05-2025
- Al Etihad
TRENDS participates in Glacier Conservation Conference in Tajikistan
31 May 2025 10:53 ABU DHABI (ALETIHAD)TRENDS Research & Advisory participated in a high-level international conference on glacier conservation, which was held in Dushanbe, conference was inaugurated by Emomali Rahmon, President of the Republic of Tajikistan.A delegation from TRENDS represented the centre at the conference, led by senior researcher Abdulaziz Al Shehhi, deputy head of the research Shehhi delivered a speech on behalf of TRENDS CEO Dr. Mohammed Al Ali, in which he underscored that melting glaciers represent one of the most alarming consequences of climate change. He emphasised the urgent need to strengthen international cooperation, and reaffirm commitment to implementing global agreements, such as the 2015 Paris Climate Agreement and the landmark UAE declaration issued at Mohammed Al-Ali emphasised that transitioning to renewable energy represents a strategic response to global warming. He highlighted the need to scale up renewable energy production, and to enhance energy efficiency by 2030, in line with the targets of the COP28 Conference. The UAE as a ModelThe UAE is a pioneering model of adopting renewable energy projects. It plans to use 44% of its energy from renewable sources by 2050, with investments of up to $163 billion in solar technologies and sustainable development initiatives. Dr. Al Ali highlighted some key undertakings, such as Masdar City, the world's first carbon-emission-free city; the three largest operational solar power plants globally, with a fourth under construction; and the world's most prominent single-site solar collector. Research InstitutionsDr. Mohammed Al-Ali, CEO of TRENDS, emphasised the pivotal role of research institutions in offering innovative policy recommendations, and in supporting international efforts to address climate change. He reaffirmed TRENDS' commitment to advancing research and studies that contribute to realising global sustainability objectives. Dr. Al-Ali also appreciated the government of Tajikistan hosting this vital conference. He expressed hope that its outcomes would significantly advance global climate action and the protection of the planet for future generations. TRENDS' participation stems from its mission, which is based on supporting knowledge and innovation. Source: Aletihad - Abu Dhabi
Campaign ME
30-05-2025
- Campaign ME
The Marketing Society GCC Awards 2025: Mashreq, Majid Al Futtaim, Etihad and more shortlisted
The Marketing Society has announced the shortlist for its 2025 GCC Awards, featuring entries from brands including Mashreq, Majid Al Futtaim, Etihad, STA, Red Sea Global, and Mercedes-Benz. The awards, launched in the UAE in 2023, aim to recognise marketing work that demonstrates not only creativity and effectiveness but also contributes to business growth and reputation. The 2025 edition saw a significant increase in participation, with entries tripling year-on-year. The shortlist spans eight categories: Brand Communication, Brand Evolution, Customer Experience & Engagement, Sustainability, Successful & Effective Partnerships, B2B, Best Use of Media, and Best Team. The entries represent a wide range of industries including retail, tourism, tech, banking, aviation, FMCG, mobility and real estate. Brand Communication Virgin Mobile UAE – Superfans, Real Stories: Rehumanising Brand Communications at Virgin Mobile UAE Procter & Gamble – Pampers – Joy Has Come Early Madagascar National Tourism Board – Madagascar Uncharted | Beyond the Baobabs Majid Al Futtaim – The SHARE Touch Miral, Yas Island Abu Dhabi – The Chief Island Officer's Enduring Legacy Mercedes-Benz – Mercedes-Benz presents The Mission XX – Riyadh to Dubai with a single charge Brand Evolution Allinners Media – Empowering Personal Brands In The GCC: A Year of Innovation and Authentic Connections at Allinners Media G42 – Artificial Intelligence, Real Emotions. Mashreq – Climb2change by Mashreq MG Motor – Underdog to Unstoppable National Housing Company – Where Life Begins: How NHC Rewrote The Rules Of Real Estate Marketing Saudia – Revitalising a National Icon Customer Experience & Engagement, in partnership with National Housing Company City Centre Deira – Santa Hotline: A Magical Festive Surprise at City Centre Deira Miral Destinations – Yas Annual Pass PwC Middle East – Our space is your space – بيتي بيتك Careem Kuwait – Careem Kuwait: Captain Wanasa G42 – THE INTELLIGENCE GRID Mashreq – Mashreq AED 1 Specials Sustainability Emirates Nature-WWF – Pioneering Citizen Science and Conservation in the UAE Mashreq – Climb2Change by Mashreq Red Sea Global – The Regeneration Journey – Red Sea Development Dubai Holding – Gift It Forward – A philanthropic initiative Successful Effective Partnerships Madagascar National Tourism Board – Madagascar Uncharted | Beyond the Baobabs Saudi Tourism Authority – The Most Amazing Arla Foods – Selfless Shelves G42 – The Choice Majid Al Futtaim – Increasing Loyalty Through Increasing Partnerships Mashreq – Mashreq AED 1 Specials B2B IBM – The CEO's Guide to Generative AI G42 – THE INTELLIGENCE GRID Mashreq – Climb2Change by Mashreq Best Use of Media Saudi Tourism Authority – The Most Amazing Madagascar National Tourism Board – Madagascar Uncharted | Beyond the Baobabs Best Team Majid Al Futtaim Retail – HyperMax Launch Al Masaood Group – Al Masaood Marketeers – 'The Makers of Results' The Hanging House – The Hanging House Team Etihad – Selling Memories, Not Products: Etihad's Black Friday evolution Wio Bank – A team united by the mission to disrupt banking Informa Bahrain Marketing Team – The Autumn Fair Marketing Team Judging will be conducted in two stages. The first involves a scoring system that evaluates strategy, insights, innovation, risk, results, and the extent to which the work elevates the marketing profession. The second stage sees top-scoring entries debated by the panel to determine the winners. The 2025 judging panel comprises 24 senior marketing leaders from across the region, representing organisations including Mondelez, Diriyah, Gulf Bank, PIF, Wio Bank, Samsung and Pepsi, among others. The Marketing Society GCC Awards 2025 winners will be announced at the awards ceremony taking place on Tuesday, 24 June, from 7–10pm at Atlantis, Dubai.
