MANAMA: Bahrain Real Estate Investment Company (Edamah), the real estate investment arm of the kingdom’s sovereign wealth fund, has announced it will be deferring rent payments for all affected businesses across its retail, food and beverage and commercial portfolio for the months of April and May.
This follows on from Edamah’s earlier measures which exempted selected tenants from paying rent in March.
These measures are in line with efforts to support tenants impacted by the global coronavirus (Covid-19) pandemic.
Edamah chief executive Amin Alarrayed said the company continues to support national efforts to limit the repercussions of the Covid-19 on a local level and reduce the impact on various sectors, noting that Edamah is also working on developing plans to ensure business continuity for small and medium enterprises.
Mr Alarrayed affirmed that Edamah was one of the first companies to support entrepreneurs in the commercial sector by providing relief measures to safeguard economic development in light of the current situation, stressing that Edamah considers it its duty as an integral part of Team Bahrain.
He also said the company will continue to offer real estate management and development services as part of its efforts to stimulate economic growth.
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