Seminar attendees with Capivest officials at Saar Central
Saar Central, CAPIVEST’s premier real estate project, held a seminar for members and guests of the Project Management Institute – Arabian Gulf Chapter (PMI-AGC) at the Saar Central development on Saturday 18 June. Over 60 engineers, consultants, and contractors attended the seminar which focused on the challenges and opportunities in the real estate market, specifically looking at Saar Central as a case study and success story.
Speaking at the presentation, Nader Al Qassab, Board Member of Sakan Development Company – owner of Saar Central – said: “From the very start of the project, we made sure to adhere to international best practice with our standards and procedures when working up the specific planning phases of Saar Central, specifically focusing on portfolio management. For these reasons, we have been able to complete Saar Central to highest quality standards by partnering with some of the Kingdom’s leading contractors and architects, something which is very important to us and that we take great pride in. A great deal of planning, surveying, and forward-thinking went into developing the Saar Central concept and we and our shareholders are very happy with the way the project has materialized.”
Also speaking at the seminar, Yahya Shunnar, Executive Director of Investment at CAPIVEST, said, “At the beginning, when looking into the Saar Central project, we saw very high demand for the kind of villas that are on offer and for the development’s ideal location. Despite the real estate market witnessing peaks and troughs during the planning and execution phases of this project, we managed to complete it as planned from start to finish. Our customers, both potential and current, and our investors are very valuable to us and we are extremely proud to have met their expectations and to have completed this premier development.”
Saar Central, which is managed by CAPIVEST, is located on a sprawling 65,000 sq m area and offers a mix of 82 villas of varied size and appointment, each equipped with a private swimming pool, ample parking, and a minimum of four bedrooms.
Congratulating Saar Central on their accomplishments and handing over an official certificate of appreciation, Abdul Majeed Al Gassab, President of the PMI-AGC for the Bahrain region, said, “Saar Central is a prime example of a fantastic real estate development project in Bahrain. It is a great success story of a development that is complete, fully operational and ready for handover despite the real estate slump and challenging economic climate in recent years. Saar Central has succeeded in meeting the requirements of the PM practices and has adhered to the correct project management procedures, which is why great results have been achieved. I would like to congratulate Saar Central on this great project and we are glad to be here today to witness the fruits of its success.”
Following the recent completion of all works on the Maqaba 66KV sub-station located within the Saar Central development, all villas are now ready for occupation. The sub-station was officially inaugurated by HE Dr. Abdul Hussain Bin Ali Mirza, Minister of Energy earlier this month during a site visit to Saar Central.
Located in the popular Saar area of Bahrain, the villas adhere to the highest international quality standards and specifications, with a wide range of options available to satisfy all the needs and wants of potential homeowners ranging from simply elegant to modern to luxurious. Saar Central’s villas combine the aesthetics of Arabian architecture with the trappings of modern luxury in a way that not only works, but that highlights and defines each home individually.