Edamah Signs New Tenants to Create a One-Stop Destination in Muharraq
Bahrain Real Estate Investment Company (Edamah) B.S.C. ©, the local real estate arm of the Kingdom's sovereign wealth fund, has recently signed leases with several tenants, namely Food World, CrossFit Muharraq, Bunzz Food Truck, Kushari Boulevard, Qahwa & Karak and Karam Al Bahrain, who will be opening outlets at Sa’ada Waterfront. The Sa’ada project, endorsed by HRH Prince Khalifa bin Salman Al Khalifa the Prime Minister of the Kingdom of Bahrain, is a vibrant lifestyle development project providing a community space that combines Family Entertainment Center (FEC), retail and tourism sectors. The second phase of Sa’ada Waterfront will offer the ultimate convenience for visitors, providing ease of access through a multi-story car park building boasting 202 parking spaces, as well as a marina consisting of 37 berths for boats of various sizes.
“We are extremely pleased to sign with a number of tenants from various sectors such as CrossFit Muharraq, the modern boutique fitness facility, Food World, which owns a series of supermarkets, department stores and cafes. With Sa’ada Waterfront we wanted to create a vibrant atmosphere and shared space for the entire community to enjoy, these four F&B outlets Bunzz Food Truck, Kushari Boulevard, Qahwa & Karak and Karam Al Bahrain, will offer the perfect mix of traditional Bahraini food and modern cuisine” said the Chief Executive Officer of Edamah, Mr. Amin Alarrayed.
“Sa’ada Waterfront is truly a unique project featuring public promenades weaving throughout and offering visitors the opportunity to spend the day enjoying cafes, restaurants, and entertainment and wellness facilities with waterfront views all in a single place. As project construction is now completed and approximately 30% of commercial units are leased, we would like to encourage everyone to take advantage of this opportunity to register their interest early, before the spaces are fully occupied,” he added.
Food World Group is a dynamic and fast growing family business based in Bahrain that owns and operates a chain of Supermarkets, Department Stores, and Cafes. Its operations are spread across Bahrain and Indian Sub-continent.
The strength and conditioning facility, CrossFit Muharraq, is expected to open mid- December 2019 with the fit-outs are already well underway. CrossFit Muharraq is focused on delivering high intensity classes with constantly varied movements as part of the overall CrossFit program that can be scaled to every level of fitness and athletic ability delivered by well-trained coaches. Located in a spacious 503 square meters facility with waterfront views, CrossFit Muharraq is located in one of seven buildings which will be primarily dedicated to wellness and fitness, as part of the first phase of the Sa’ada project which consists of a public promenade and plaza overlooking the sea, complete with indoor and outdoor seating areas.
As for the F&B outlets, this marks the first time Bunzz Food Truck launches in the Kingdom of Bahrain, with Kushari Boulevard expanding to their second branch, and Qahwa & Karak expanding to their third, all three establishments are expected to open in Q1 2020. Karam Al Bahrain will open its first branch in the second half of 2020 covering an area of 570 square meters which has been carefully selected due to its unique location on a distinct waterfront. The restaurant will introduce a new concept, offering Mediterranean and traditional Syrian cuisine using the latest technology in the hospitality field and only the best ingredients available in the local market.
Sa’ada Waterfront is expected to launch next month, where the first tenant of the Project, Naseef Café, will open its doors to the new branch having come a long way from the opening its first café in Fareej Al Fadhel in 1920. Crossfit Muharraq will also be inaugurated during the launch.
The project comes in line with Edamah’s strategy which focuses on developing new projects and modernizing existing projects in a sustainable and comprehensive manner, and managing them all according to international standards by utilizing the best industrial practices, while seeking to meet the needs of the market; thus achieving a positive contribution to the diversification of the economy in line with the 2030 Economic Vision.
Edamah has announced its invitation to the public to lease units, any prospective tenants interested in leasing spaces in Sa’ada Waterfront can contact Edamah by email firstname.lastname@example.org or by phone call on 17561222. The tender approval process conducted by Edamah ensures fairness, equality and equal opportunities among tenants, and plans to continue to maintain and upgrade the level of services provided to the public in line with its overall strategy.
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.