Edamah Signs With Mayasem for the Development of the Kingdom’s First Educational Park
Bahrain Real Estate Investment Company (Edamah) B.S.C. ©, the property arm of the Kingdom's sovereign wealth fund, recently signed a lease and development agreement with Mayasem Holding to develop and operate an Educational Park in Isa Town’s education district. Mayasem won the tender which was conducted under the supervision of the Bahrain Tender Board. The signing ceremony took place at Edamah’s headquarters on Thursday 3rd October 2019 and was attended by Chief Executive Officer (CEO) of Edamah, Mr. Amin Alarrayed and CEO and Founder of Mayasem Holding, H.E. Dr. Shaikha May bint Sulaiman Al Otaibi.
Realizing there was an absence of a project of this nature in the Kingdom of Bahrain, Mayasem envisioned a pioneering educational park to serve as a one-stop-shop facility that offers children, adults, entrepreneurs with specialized educational programs and training in an eco-friendly and creative learning environment. The Park aims to add value to the Kingdom’s education industry by elevating the quality of education and supporting creative Bahraini entrepreneurs in developing and unlocking their potential by equipping them with the required tools and training to enable them to establish their own business firms in the future.
Spread across 16,293 square meters, the Park is the first of its kind in the Kingdom, boasting a state-of-the-art design and offering a unique learning experience to students. To avoid interfering with the students’ school or university curriculum, the Park will serve students after study hours and will promote a family-oriented program by involving the students’ parents in the learning process.
The Educational Park, which will be a gated facility designed with all the necessary security measures, will be fully equipped with state-of-the art education centres and halls which will be leased to schools and institutions enabling them to conduct lectures, workshops, hands on training programs, as well as theatre and art production classes. In addition to offering the core subjects, the Park seeks to collaborate with educational centres to offer specialized courses; in diverse areas of study ranging from special needs education to liberal arts and Robotics to name a few.
“Our educational experience spans more than 30 years of leading The Bahrain Bayan School towards achieving its vision and mission. We have also succeeded in providing fully equipped spaces and training for entrepreneurs through Mayasem’s +973 Artisinat project located in Juffair which identified the gap and demand for specialized qualified educational support units, training centres, after school activities, all under one roof,” said CEO and Founder of Mayasem Holding, H.E. Dr. Shaikha May bint Sulaiman Al Otaibi.
“We look forward to working with Mayasem on this significant project which will emerge as a leading educational landmark and provide surrounding institutions and the public the opportunity to benefit from state-of-the-art facilities. This engagement comes as part of our strategy to form additional partnerships with the private sector that add value to key economic sectors of the economy of which education is key,” said the Chief Executive Officer of Edamah, Mr. Amin Alarrayed.
“We have conducted an in-depth field study which was circulated to the private and public schools across Bahrain, taking into account the needs of the institutions from the perspective of the students and families themselves. This has assisted in identifying the unique elements required for the development in order to fill the gaps in the existing market. This project therefore combines a blend of commercial and educational units, which will add significant value to the Kingdom of Bahrain and educational sector,” he added.
In addition to its specialized programs which holistically enhance the existing curriculum, the Park boasts a unique blend of commercial units and educational entities by featuring common community spaces for the entire family with complimentary retail and F&B units. The Educational Park is expected to emerge as a landmark development and add significant value to Bahrain’s educational sector by creating a vibrant atmosphere conductive to learning in an all-inclusive urban space for the community at large.
Bahrain Real Estate Investment Company (Edamah) is the real-estate arm of the sovereign wealth fund of the Kingdom of Bahrain. Incorporated in 2006 to manage and expand an assorted portfolio of real-estate in Bahrain, Edamah has established itself as one of the Kingdom’s leading property developers. With an unwavering commitment to its founding principles of quality, efficiency and sustainability, and in line with the highest standards of transparency and corporate governance, Edamah strives to transform the Kingdom’s diverse and dynamic property sector. Edamah’s portfolio will also include projects in the leisure and entertainment and industrial sectors.