Diyar Al Muharraq, a leading urban developer in Bahrain, has signed a corporate referral agreement with Arab Bank, one of the most prominent banks in leading markets based in Amman, Jordan, for its upcoming mixed-use project in the country.

Located on the northern shores of Muharraq, Diyar Al Muharraq is an all comprehensive, fully integrated modern city incorporating a strong line-up of projects which include a vast variety of residential and commercial properties, ideal for both personal and investment purposes.

The development, which comprises seven islands with a total of 10 sq km of reclaimed land, is aimed at creating a long-term and sustainable township.

As per the corporate referral agreement, Diyar Al Muharraq customers can now easily avail all the different financial services offered by Arab Bank, especially the facilitation of the purchase of properties within the development to eligible local and regional buyers by providing them with personalized financing at competitive rates through its Housing Loan Program, said a statement from the company.

It is a high-level collaboration between two of the most illustrious organisations in their respective sectors through which the parties will promote Diyar Al Muharraq’s myriad offerings to potential buyers in both local and regional markets by referring to each other’s sales leads, it stated.

"It gives me immense pleasure to announce our collaboration with such a distinguished and pioneering financial institution as Arab Bank, as it exemplifies our efforts to provide our clients with both the best housing services and customer-oriented financial options," remarked CEO Dr Maher Al Shaer, after signing the deal with Mohammed Assem, the general manager of Arab Bank Bahrain Branch, at the company headquarters in the Bahrain World Trade Centre.

"We are confident that this alliance, that brings together two entities of equally immeasurable significance and stature, will be greatly beneficial to those looking for ideal housing solutions," he noted.

Diyar Al Muharraq is a unique master-planned city for the people of Bahrain offering a range of housing options and quality lifestyle. Diyar Al Muharraq offers a cohesive mix of residential and commercial properties with a strong lineup of projects aimed at creating a long term and sophisticated township.
 
"Through the agreement, we aim to combine our diversified offerings with the bank’s customer-oriented financing solutions to give potential homeowners and families the most economically feasible residential provisions available in the region," noted Dr Al Shaer.

"And we do not purpose this collaboration to end with its current time-validity, rather aspiring this to be the only the start of a prosperous, productive and driven long term association,” he added.-TradeArabia News Service