Bahrain Financial Harbour (BFH) has signed a tenancy agreement with Bank of Tokyo-Mitsubishi UFJ (BTMU).

BTMU is a group company of Mitsubishi UFJ Financial Group, one of the world's largest and most diversified financial groups.

The tenancy agreement was finalised by Bahrain Financial Harbour Holding Company marketing director Salwan Uchi and BTMU regional head of the Middle East Norihiko Kato.

As per the agreement, BTMU will occupy the entire 26th floor of the West Tower of BFH's Financial Centre, covering an area of over 1,000 sq/m.

"BTMU is an institution that has a rich heritage stretching back 90 years," Uchi said.

"As one of Japan's leading banks and an emerging player on the global front with a strong worldwide network, BTMU's decision to use BFH as a platform for its regional operations marks a major step forward for us.

"The growing list of international financial institutions that are opting for BFH as their regional base reflects the success of our initiatives to develop the financial centre into a world-class environment for international finance and banking."

"We have an extensive international network of branches in all major financial centres of the world and we are confident that this landmark development will provide the ideal platform to catalyse our operations in the Middle East region," said Kato.

"Bahrain, with its young and well-educated population, is a rapidly developing capital market and the financial hub of the region and we are highly optimistic about our future prospects here," he added.-TradeArabia News Service