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المنامه، البحرين
Bahrain Real Estate Investment Company (Edamah), the real estate arm of Bahrain Mumtalakat Holding Company (Mumtalakat), the Kingdom of Bahrain’s sovereign wealth fund, and Kanoo Real Estate, a division of the Yusuf bin Ahmed Kanoo Group, have announced a partnership to develop Pier 1890, a waterfront leisure and commercial destination on Manama Corniche, adjacent to the Shaikh Hamad Causeway.
The partnership was announced on the sidelines of the fourth edition of the Gateway Gulf Investment Forum, held on 1-2 November 2026 at the Four Seasons Hotel Bahrain Bay. The agreement establishes a framework of cooperation between both parties to develop the project, which will span approximately 11,000 square metres and feature 25 commercial units comprising restaurants, cafés and upscale retail outlets, with a total leasable area of 3,000 square metres. The partnership also paves the way for further cooperation and investment opportunities, reflecting Edamah’s strategy to expand collaboration with the private sector.
Commenting on the partnership, Khaled Abdulrahman Al Majed, Chief Executive Officer of Edamah, highlighted that the company’s longstanding partnership with Kanoo Real Estate provides a strong foundation for this collaboration. He noted that the collaboration will support efforts to enhance quality of life, strengthen Bahrain’s real estate ecosystem, and contribute to the Kingdom’s economic diversification objectives.
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