Eagle Hills, based in the UAE, reveals a real estate collaboration with Edamah in Bahrain.
Eagle Hills International, the real estate developer based in Abu Dhabi, has revealed the formalization of a joint cooperation agreement to create “Binaa Al-Bahrain,” a new company dedicated to real estate development.
This $4 billion agreement signifies a key alliance between the private sectors of Bahrain and the UAE.
The primary goal of Binaa Al-Bahrain is to promote cutting-edge real estate initiatives through strategic collaborations with “Edamah,” the real estate division of Mumtalakat’s Bahrain Holding Company, and the Sovereign Wealth Fund of Bahrain.
UAE-Bahrain real estate project
Mohamed Alabbar, the Chairman of the Board of Directors at Eagle Hills real estate investment and development company, emphasized that the launch of Binaa Al-Bahrain aligns with the collaborative efforts of His Highness Shaikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates, and His Majesty King Hamad bin Isa Al Khalifa to enhance Bahrain-UAE relations.
He noted that Binaa Al-Bahrain, a new venture by Eagle Hills, builds upon the success of previous projects such as Marassi Al-Bahrain, with the aim of addressing the needs of the Bahraini society and supporting the national economic development initiatives of the kingdom.
Expressing confidence, Alabbar stated that Binaa Al-Bahrain is poised to become a prominent local real estate development company, managing a portfolio of projects strategically located across the Kingdom. The focus is on contributing to the long-term objectives outlined in the Bahrain Economic Vision 2030, encompassing versatile projects catering to residential, commercial, and entertainment needs.
The joint initiative is committed to generating employment opportunities for Bahraini youth and enhancing the housing sector for both Bahrainis and residents. Binaa Al-Bahrain is dedicated to constructing sustainable projects that preserve the Bahraini identity and foster economic growth in the Kingdom.
Eagle Hills International, renowned for its diverse projects spanning Europe, Africa, and the Middle East, including Marassi Bahrain in Diyar Al Muharraq, continues to play a key role in these collaborative endeavors.
