Bahrain's Investrade Inks Deal With Al Areen Hospitality To Boost Tourism
Bahrain's tourism sector is set for a massive uplift! Investrade, a premier boutique investment and asset management firm, announced its acquisition of a 53% stake in the Areen Park Hotel and The Land of Paradise Waterpark. Located in the southern region of the Kingdom of Bahrain, these developments represent vital components of the broader Areen Park Hotel and The Land of Paradise Waterpark project. This initiative, backed by Al Areen Hospitality, includes the construction of a luxury hotel, alongside a collection of villas and apartments, as detailed by Investrade's official statement.
Upon its completion, the expansive project is set to introduce a new city within the Kingdom, covering an area of 2 million sq m. It is designed to accommodate around 25,000 residents, signifying a considerable expansion in Bahrain's residential and hospitality infrastructure. The project's strategic location offers easy access to significant landmarks and facilities, including the King Fahd Causeway, Exhibition World Bahrain, Bahrain International Circuit, a new sports city in Sakhir, Al Areen Wildlife Park, and Blaj Al Jazaer.
The transaction's official signing ceremony took place at the Al Areen project site, witnessed by Shaikh Mohamed Bin Abdulrahman Al Khalifa, Chairman of the Executive Board of Investrade, Hisham Alrayes, Chairman of Al Areen Holding Company, and other high-ranking officials. Shaikh Mohamed expressed enthusiasm about the acquisition, emphasising it as a demonstration of Investrade's long-term investment commitment to Bahrain and its unique offerings. He also highlighted the formation of a pivotal strategic alliance with GFH Financial Group through this project, aiming to establish a premier regional destination.
Shaikh Mohammed bin Duaij Al Khalifa, Managing Director of Al Areen Holding Company, welcomed Investrade as partners. He underscored the project's role in bolstering Bahrain's stature as a leading destination for living, tourism, hospitality, and entertainment. He sees this partnership as aligned with the objectives of Bahrain's Vision 2030, particularly in enhancing the Kingdom's tourism sector.
The partnership between Investrade and GFH Financial Group, through this transaction, underscores the project's quality and the investment opportunity it presents. Both parties are committed to realising the full potential of these assets, thereby advancing Al Areen's vision and contributing significantly to the social and economic upliftment of the Kingdom and its communities.
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