VKL Group to set up luxury hotel in Seef district soon
VKL Group and Al Bilad Real Estate Company signed an agreement for the establishment of a luxury hotel in Seef district here yesterday.
On the sidelines of Bahrain International Property Exhibition (BIPEX), VKL Group Chairman Dr. Varghese Kurian signed an agreement with Al Bilad Real Estate Company Investment Director Ziad Abdul Latif Janahi to establish a 28-storey hotel.
It will be built on 2,500sqm and on a total construction area of 20,000sqm. The hotel will be constructed in Water Garden City, a real estate project consisting of a marina, beach, gardens, with waterfront fine dining restaurants, hotels and some offices.
“The location of the hotel was chosen because of the outstanding and strategic location in the heart of Seef district. Proximity to the largest mall in the Kingdom was also a factor. The hotel will be able to meet the needs of the increasing tourism activities in Bahrain, especially family tourism,” Al Bilad Real Estate company said in a statement.
Dr. Kurian said that he was confident that the project would be one of VKL Group’s best projects. Janahi also expressed his pleasure on signing the agreement.
Curtains down on exhibition
Bahrain’s premier property expo, Bahrain International Property Exhibition (BIPEX), came to a close yesterday. The exhibition, which ran for three days, brought together real estate agents, vendors, financiers, engineering consultants, investors, brokers and government officials.
It was organised by Bahrain Society of Engineers (BSE) at Bahrain International Exhibition and Convention Centre.
The expo was held under the patronage of Deputy Prime Minister Shaikh Khalid bin Abdulla Al Khalifa, who visited the venue on Thursday.
As many as 38 companies took part in the exhibition, including Bin Faqeeh Real Estate Investment Company, who were the Prime Sponsor. GFH Financial Group was the Strategic Partner, Dilmunia, Eskan Bank and Manara Developments Company were Diamond Sponsors. Other exhibitors included Al Bilad Real Estate Investment Company WLL, AMFA Real Estate and Durrat Al Bahrain.
Parallel to the exhibition was a forum where experts discussed various topics relating to real estate.
One of the panel discussions during the forum was “Real Estate Development Law and Leasing Laws in Bahrain.”
Photo caption:
Dr. Varghese Kurian (left) along with Ziad Abdul Latif Janahi during the signing of agreement
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