Inovest, a leading Bahrain-based sharia-compliant investment company, has signed up as a strategic supporter of the third edition of next year’s Gulf Property Show in the Kingdom.  

A major regional residential and commercial real estate showcase, Gulf Property Show will be held at the Bahrain International Exhibition and Convention Centre (BIECC) from May 12 to 14 under the patronage of the Prime Minister, HRH Prince Khalifa bin Salman Al Khalifa, and with the backing of the Bahrain Property Developers’ Association (BaPDA) and the Middle East Facilities Management Association (Mefma).

Inovest has a substantial portfolio of projects that cross several industries; the company’s forays into real estate investment are delivered hand in hand with its primary subsidiary Al Khaleej Development Company (Tameer), said a statement from Hilal Conferences and Exhibitions (HCE), the event organisers.

The company has delivered several notable residential, commercial, and industrial real estate-based projects in Bahrain including the likes of Tala Island in Amwaj, the Bahrain Investment Wharf, Takhzeen, and others. Central to the group’s presence within the Gulf Property Show, is one of their key project companies, Durrat Marina, it stated.

Durrat Marina is a sophisticated, state-of-the-art project, distinguished as the Middle East's first mixed-use marina development.

It will showcase progress on the first phase of its overall development, including infrastructure, villas and residential apartments as per the project master plan, as well the marina promenade which will host an array of cafes and retail outlets, and will enable the creation of a “downtown” arena for both Durrat Al Bahrain and Durrat Marina residents.

Furthermore, the Durrat Marina team will be taking interest on plots of land available for investment and development. On each project, the group prides itself on delivering maximum value to investors and end-users, said the HCE in its statement.  
 
The Gulf Property Show, the ultimate marketing platform for projects, property developers and real estate service providers, is being held as the Bahrain government accelerates the provision of “affordable” housing, as part of a $5.6 billion, five-year plan which will involve the building of some 47,000 units.

The private sector is similarly vibrant, as developers fast-track projects to minimise time to market.

Speaking about the strategic partnership with HCE, Inovest’s Interim CEO, Mohammed Alnughaimish said: "Inovest is driven by a determination to be a market leader in investment by maintaining a strong commitment to developing and delivering lasting contributions to the socio-economic well-being of the communities we serve."

"Our strategic support for the Gulf Property Show reflects the company’s leadership position in this respect, as well as our commitment to supporting sector-wide collaboration and growth. It is also an opportunity to showcase the investment credentials of our real estate projects," he noted.

HCE managing director Jubran Abdulrahman said: "Inovest and its subsidiaries are synonymous with the delivery of projects of the highest international quality and standards, not just in terms of workmanship but also project principles."

"In Inovest the Gulf Property Show has on board an organisation, like HCE, committed to promoting the socio-economic benefits of real estate," he added.-TradeArabia News Service