Kuwaiti Manager, a subsidiary of Kuwait Finance House (KFH), recently carried out the inauguration ceremony of the Wadi Alsabeel Commercial Complex.
The project is the first of three owned by Bahraini Defense Forces and presented by Kuwaiti Manager, KFH Chairman Hamad Abdulmohsen Al-Marzouq pointed out.
“KFH is keen on assuming a significant role in supporting the development plans in the countries it operates in through the execution of several projects, be it directly or indirectly through one of its subsidiaries,” Al-Marzouq said. “KFH achieves civilizational and constructional value when executing vital development projects, mainly in the sector of real estate and urban development that is essential in energizing the market, yet offering job opportunities and luring investments.”
The inauguration ceremony of the complex was attended by Salman Al Khalifa, crown prince of Bahrain.
The complex itself is designed to connect indoor and outdoor spaces and offers three major sections to include, dining, shops and entertainment venues.
Al-Marzouq noted that events like the inaugural ceremony speak to KFH’s interest in expanding the economy and viewing the Kingdom of Bahrain and Kuwait as one country and a collaborative market operating within the GCC. In addition, the chairman highlighted KFH’s support of the strengthening Bahraini economy.
Abdulhakeem Al-Khayyat, managing director and CEO of KFH – Bahrain, stated that the inauguration of the complex is an added value to the retail industry within the region, creating more job opportunities for residents. He was also complimentary of the spectacular event at the opening of the Wadi Alsabeel Commercial Complex. The director offered his appreciation of the Bahraini government for its continuous efforts to provide the best services possible to residents and expatriates.
Mohammad Alshalfan, general manager of Kuwaiti Manager Holding Company, explained that the company completed the project in a 40,000-square-meter area through its subsidiary Kuwaiti Manager – Bahrain. The company specializes in implementing and managing real estate projects. The project involving the complex was finished ahead of schedule and completed to the highest standards in terms of construction and finishing.
Alshalfan noted that the company is currently working on two other projects for the Defense Forces, namely the specialized clinics and parking lots with a value of $21 million (BHD) and a medical training complex project with a value of $7 million (BHD), as well as some other projects in the kingdom.
