A Reflection of Deepening Collaboration: Omani Minister of Housing Conducts Official Visit to Diyar Al Muharraq
Diyar Al Muharraq, the largest urban development company in the Kingdom of Bahrain, had the honor of welcoming His Excellency Dr. Khalfan bin Saeed Al-Shueili, Minister of Housing and Urban Planning of the Sultanate of Oman, along with his esteemed delegation, on an official visit aimed at fostering knowledge exchange and exploring best practices within the real estate development sector. His Excellency was received by Mr. Abdulhakeem Yaqoob Al Khayyat, Chairman of Diyar Al Muharraq, and Eng. Ahmed Ali Alammadi, Chief Executive Officer of the company.The visit commenced with a tour of Souq Al Baraha, a traditional-modern marketplace capturing the essence of Bahraini culture while offering a vibrant retail experience that blends heritage, commerce, and community. The delegation also viewed the show villa at Deerat Al Oyoun — one of Diyar Al Muharraq's key residential developments dedicated to Bahraini citizens. The project is characterized by its functional design and integrated environment that caters to the needs of Bahraini families within a stable and urban setting.This was followed by a visit to the show villa at Al Naseem, a high-end residential and retail waterfront development. The delegation was briefed on the project's refined architectural design and high-quality construction standards. The tour also encompassed Al Naseem Social Hub, featuring a range of recreational and social amenities with a focus on providing enriching community interaction and lifestyle.Continuing their tour, the delegation explored the show villa at Al Bareh, one of Diyar's most exclusive residential communities, characterized by serene waterfront views and contemporary design that combines privacy with tranquility. The visit concluded at Marassi Galleria, the flagship retail and leisure destination hosting a curated selection of global brands, dining outlets, and entertainment facilities, positioning it as a major attraction at the heart of Diyar Al Muharraq.This visit served as a significant platform for meaningful dialogue and mutual learning, during which the Chairman of Diyar Al Muharraq presented a comprehensive overview of the city's strategic vision. The presentation highlighted the key principles that shape Diyar as a model of sustainable urban development, and detailed the advanced approaches adopted in planning and executing integrated residential and commercial projects supported by smart infrastructure that enhances the quality of life in an inclusive urban environment.In return, the Omani delegation shared insightful perspectives and pioneering experiences from the Sultanate in the areas of housing and urban planning. These exchanges fostered a rich and productive dialogue focused on sharing best practices and innovative development models, underscoring the shared commitment to collaboration and the pursuit of common development goals. The visit further emphasized the strong ties between the Kingdom of Bahrain and the Sultanate of Oman.
His Excellency also shared details on a number of vital and strategic projects currently underway in Oman that reflect the Sultanate's forward-looking vision for urban development. Among these was the notable Sultan Haitham City project, a leading regional initiative distinguished by its integrated urban planning, modern infrastructure, and sustainable approach.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Bawaba
20 hours ago
- Al Bawaba
SICO Signs a Letter of Intent with The Arab Authority for Agricultural Investment and Development (AAAID) to Boost Agricultural Investment and Food Security
SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, Saudi Arabia, and the UAE, announced today the signing of a Letter of Intent with the Arab Authority for Agricultural Investment and Development (AAAID). SICO will act as the financial advisor to support AAAID's strategic initiatives by identifying and sourcing direct investment opportunities within the agricultural and food security primary objective of signing this Letter of Intent is to support AAAID's goals within the Arab and GCC region, with a particular emphasis on Bahrain and Saudi Arabia. This will be achieved by collaborating on projects for AAAID, facilitating investment through equity and/or debt financing opportunities, and engaging in business development activities. SICO's wholly-owned subsidiary, SICO Capital , will provide the agreed upon services in Saudi Al Shirawi, Group CEO of SICO, said, 'We are thrilled to announce our strategic collaboration with AAAID. By leveraging our expertise in investment sourcing, acquisition advisory, capital-raising, and joint ventures, we aim to drive value and promote sustainable growth within the agriculture sector. Together, we are committed to making a significant impact on the agricultural industry and ensuring a secure and sustainable future.'HE. Dr. Obaid Al Zaabi, Chairman of AAAID, stated, 'This collaboration aligns with our strategic vision to enhance our capabilities, enabling us to equip our projects with the necessary tools and information to achieve our ambitious goals and aspirations. By capitalizing on SICO's extensive expertise in the industry, we are well-positioned to identify and execute high-impact projects that will drive sustainable growth. Our collaboration will focus on innovative solutions and strategic investments that address the unique challenges of our region.' Through this collaboration, SICO will provide acquisition advisory services, including due diligence, valuations, and transaction structuring and execution support. Additionally, SICO will assist in capital-raising activities for AAAID's invested companies and explore joint venture opportunities. The partnership will emphasize promoting sustainable agricultural practices and enhancing food security resilience across the region.
Al Bawaba
a day ago
- Al Bawaba
Ooredoo Makes High-Speed Internet More Accessible Than Ever
Bringing more homes and families the best in connectivity, Ooredoo has expanded its Fibre Home Internet services to several new communities. Residents in Sinaw North, Sinaw City Center, Samail City Center, Yanqul City Center, Fanja City Center, Bidbid City Center, Samail Al Hawb, Samad Al Shan North, Samad Al Shan South, Amerat Expansion Phase 2, Taqah City Center, Suwaiq Al Bidayah South, Mirbat City Center, and Al Hamra City Center Z1 can now enjoy fast, reliable internet at amazing value and with plenty of extras to make it an experience second to from just OMR 26 a month, and with 12 and 24 month plans to choose from, customers can enjoy benefits such as unlimited data, unlimited national calls (fixed to fixed on-net) and up to 30% discount on international calls. There's even free access to OSN+, STARZPLAY and Go Play Market, offering hours of top-quality entertainment for the whole streaming movies, video calling loved ones, studying online, or working from home, Ooredoo's high-speed Fibre (with speeds of up to 1Gbps) makes it all simple and seamless. This expansion is part of Ooredoo's ongoing efforts to support Oman Vision 2040 by helping more people enjoy smart and future-ready connectivity. Residents in the newly covered areas can easily subscribe by sending their ID and location via WhatsApp to 95103000, or by calling the dedicated Fibre team on 1514.
Al Bawaba
a day ago
- Al Bawaba
NBB Launches Fully Digital Supply Chain Finance Solution to Enhance Working Capital Efficiency
The National Bank of Bahrain (NBB) has launched a fully digital Supply Chain Finance solution that connects buyers with their suppliers to enhance liquidity and optimise working capital to facilitate seamless trade and build better commercial ties, NBB's Supply Chain Finance solution, enables suppliers to receive early payments against approved invoices, while offering buyers the opportunity to improve their cash flow cycles. The solution, enabled through DigiCorp platform, reduces the administrative burden typically associated with manual payment processes by automating key interactions across the supply chain, allowing for quicker turnaround times and improved operational on the launch, Hisham Al Kurdi, Group Chief Executive – Markets & Client Solutions at NBB said, 'We are pleased to introduce the Supply Chain Finance solution, which demonstrates our ongoing efforts to provide digital-first services that empower our clients and enhance their business operations.'Vineet Munot, Group Head of Transaction Banking at NBB stated 'This initiative marks another important addition to our growing Transaction Banking offerings portfolio and reinforces our position as a market leader in delivering end-to-end trade finance and cash management solutions.'The solution offers a unique advantage to suppliers, particularly SMEs, by providing timely access to working capital without requiring additional borrowing or utilising existing bank credit lines. By offering attractive rates and a transparent financing process, NBB's Supply Chian Finance solution supports suppliers in maintaining financial stability and meeting their operational obligations more buyers, the solution contributes to more efficient balance sheet management and enables stronger alignment with strategic suppliers through improved payment cycles. By introducing an automated and transparent payment mechanism, buyers can not only streamline their internal processes but also reinforce long-term supplier with NBB's ESG objectives, the Supply Chain Finance solution plays an important role in strengthening the SME ecosystem by offering inclusive access to cost-effective financing. It seeks to build more sustainable and collaborative supply chains, reflecting the Bank's commitment to inclusive economic development. With the launch of NBB's Supply Chain Finance Solution, the Bank continues to expand its suite of innovative products aimed at driving business efficiency, growth, and resilience across Bahrain and the wider region.
