In a groundbreaking announcement, Mohamed Alabbar, Chairman of Eagle Hills International, has revealed further details about Binaa Al Bahrain Company, unveiling an astounding $4 bn investment, Invest-Gate reports.

This investment stems from a joint venture agreement between Eagle Hills International, a private real estate investment and development company based in Abu Dhabi, and strategic Bahraini partners.

Binaa Al Bahrain, the newly established real estate development organization, is poised to become a leading developer in the Kingdom. It boasts an expanded portfolio of prominent real estate projects strategically located across various areas within Bahrain, including the Northern Governorate, Southern Governorate, Muharraq Governorate, and Capital Governorate. Key projects include the Southern City masterplan, Al Furdah, and further developments in Diyar Al Muharraq.

Expressing his views on this significant development, Mohamed Alabbar stated, “The decision to invest in Bahrain through the establishment of Binaa Al Bahrain is a direct result of the remarkable success achieved with the Marassi Al Bahrain partnership. It represents a milestone in our collaborative efforts and underscores our commitment to strengthening ties between the two countries while propelling transformative real estate projects in the Kingdom.”

Aligned with the Kingdom’s 2030 Economic Vision, Binaa Al Bahrain aims to make a substantial contribution to Bahrain’s long-term development through its iconic projects.

The company will focus on creating expansive mixed-use projects, offering diverse residential, commercial, and entertainment opportunities designed to enhance the overall local community experience.

In addition to the increased investment, the joint venture seeks to generate extensive job opportunities for young Bahrainis, not only within the real estate sector but also in the fields of hospitality and healthcare.