Amlak Appoints Al Ghanah Contracting as Main Contractor for Burj Al Saya
Amlak Social Insurance Organization Development Company, the real-estate arm and wholly-owned subsidiary of the Social Insurance Organization (SIO), announced the appointment of Al Ghanah Group as the main contractor for the construction of the new development project ‘Burj Al Saya’.
‘Burj Al Saya’ is a residential development which will be constructed in Busaiteen, Northern Muharraq. The new development will feature two twin towers comprising of 128-apartments, a two-story parking podium and thirteen retail units on the ground floor.
On this occasion, the Chairman of Amlak, Mr. Abdulrahman Yousif bin Yousif Fakhro commented, “We are pleased to announce the appointment of Al Ghanah Group as the main contractor for the latest residential project ‘Burj Al Saya’, which we look forward to completing and trust that it will positively reflect the pension funds’ investments and become an added-value to its real estate portfolio.”
Chief Executive Officer of Amlak, Mr. Mohamed Abdulelah Al Kooheji praised the new development for its unique features and modern design, which will feature high quality residential and recreational facilities.
Mr. Al Kooheji also stressed on Amlak’s keenness to adopt and drive a well-balanced investment strategy governed by the highest management standards and principles with the aim of achieving maximum benefits for Bahrainis across all social levels, as well as contribute to driving the Kingdom’s economy forward.
Amlak Finance PJSC is a leading specialized real estate financier in the Middle East. Since its establishment in November 2000 as the region’s pioneer financial services provider, it has provided its customers with innovative, Sharia-compliant property financing products and solutions designed to meet the rapidly evolving market demands.
It was first established as a private shareholding company in Dubai, United Arab Emirates, in accordance with UAE Federal Law. In 2004, it was converted to a Public Joint Stock Company.