Eagle Hills International, an Abu Dhabi-based real estate investment and development firm, has announced the signing of a joint co-operation agreement to establish ‘Binaa Al Bahrain’, a new real estate development company.
The agreement, valued at $4 billion, represents a strategic partnership between Bahrain’s private sector and the UAE.
Binaa Al Bahrain aims to support innovative real estate projects by leveraging its commercial partnerships with Edamah, the real estate arm of Mumtalakat’s Bahrain Holding Company, and the Sovereign Wealth Fund of Bahrain.
Eagle Hills chairman Mohamed Alabbar stated that Binaa Al Bahrain will become a leading local real estate development company, with a portfolio of projects across strategic locations in the kingdom.
It aims to contribute to the long-term development goals enshrined in the Bahrain Economic Vision 2030, creating multi-purpose projects for residential, commercial, and entertainment purposes.
&uuid=(email))