Naseej Properties, a leading real estate developer, was welcomed to the Bahrain Property Development Association (BaPDA), a non-profit organisation, as its new member.

The BaPDA, founded last August, initiates efforts towards forming business ties among members and providing a platform for them to communicate with government and private agencies.

BaPDA board chairman Aaref Hejres welcomed the new member organisation, stressing it will bring professional experience and expertise.

"Naseej Properties was established by prominent private and public sector investors to act as a pioneering catalyst for addressing the region's affordable housing development needs," he said.

"The shareholders of Naseej are Ithmaar Bank, Ithmaar Development Company, BBK, Gulf Finance House, Khaleeji Commercial Bank, Faisal Islamic Bank of Egypt, Palm Capital, Bahrain's Social Insurance Organisation and Eskan Bank. This will ensure bringing a wide range of professional experience and expertise to the association's pool of talent."

Naseej Properties chief executive officer Christopher Sims revealed the organisation was delighted to join the association.

"We are delighted to be joining the Bahrain Property Development Association, which plays such an important role in representing and developing the property development industry in Bahrain,” he added. – TradeArabia News Service