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Press Room
09-11-2016
A Great Success for The Commercial Real Estate Development Company in BIPEX Exhibition

Fawaz Ibrahim: Our Iconic Projects will redefine the meaning of luxury

The Commercial Real Estate Development Company exhibit witnessed an outstanding success during their participation in the Bahrain International Property Exhibition ‘BIPEX’, owing a great deal to the company’s exceptional projects in the Kingdom of Bahrain. Being a diamond sponsor, the company recently unveiled their early project in the Kingdom, which is Al Tijaria Tower, known to be the tallest residential building in the Kingdom of Bahrain comprising of 50-storeys.

The Bahrain Society of Engineers hosted the ‘BIPEX’ exhibition, which proved its worth over the years, taking lead in the real estate events in Bahrain. In this year’s edition, the exhibition attracted more than 4000 visitors registered over the course of three days. The growing popularity of the ‘BIPEX’ exhibition is a result of the increased investment projects in the public and private sectors.

Al Tijaria Tower, comprising of 50 floors and 280 housing units alone makes it the tallest residential tower in the Kingdom of Bahrain (230 meters). It is characterized by its distinct location in the heart of Bahrain, Manama. The location embodies between a high class modern lifestyle and an ideal environment for those seeking peace and quiet. The design of the apartments in the tower is materialized according to the highest modern housing standards, availing spacious bedrooms. This lifestyle will be titled as the finest residential tower, giving credit to the cozy atmosphere provided to the residents.

The tower is built on 3858 square meters located just 10 minutes away from Bahrain International Airport and 20 minutes away from King Fahad Causeway, which links Bahrain to the Eastern province of Saudi Arabia and is only few minutes away from popular commercial centers in the Kingdom such as Avenues Mall, City Centre, Seef Mall, and Bahrain Financial Harbour. The tower is also surrounded with vitality and life with its unique view of prominent tourist and cultural sites like Bahrain National Museum, Beit Al Qur’an, Bahrain Gulf Hotel and several Arab and Foreign embassies.

In this context, Chief Executive of Commercial Real Estate Development Company, Mr. Fawaz Ibrahim said: “We are extremely happy with the level of demand witnessed at the exhibition. This is certainly because of Bahrain residents’ passion for iconic and luxurious development projects, which is what we always strive to achieve in the Commercial Real Estate Development Company. Meeting the aspirations and dreams of the residents is top of our priorities, as we are in the process of exposing our second project in Dilmunia Island, which will redefine the meaning of luxury.”

It is worth mentioning that the Commercial Real Estate Development Company that was launched in Bahrain is 100% owned by The Commercial Real Estate Company in Kuwait. The new company is the commercial real estate branch for the management, development and maintenance of properties in the Kingdom of Bahrain. It is responsible for the management and development of residential investment properties, commercial and industrial as well as sale and purchase of real estate. The launch of this company is within the framework the Commercial Real Estate Company’s keenness to maintain a distinct status as the leading company in the field of real estate development industry in Kuwait and as part of its strategy to expand regionally in the gulf.

Mr. Fawaz Ibrahim added: “Our goal is to be a great addition into the real estate field in the Kingdom of Bahrain, which is witnessing great developments thanks to the Kingdom’s attractive environment that allow companies to provide leading investment projects and of value at the same time.”

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