Diyar Al-Muharraq briefs EDB on key project

The visiting delegation consisted of officials from the Economic Development Board and international investors.
Updated 17 May 2018
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Diyar Al-Muharraq briefs EDB on key project

Bahrain-based urban developer Diyar Al-Muharraq conducted a site visit for a delegation from the Economic Development Board (EDB) on May 8.

The visit was held in conjunction with Diyar Al-Muharraq’s participation in the Gateway Gulf Investor Forum Bahrain 2018, which took place from May 8 to 10 at the Four Seasons Hotel under the patronage of Bahrain’s Crown Prince Salman bin Hamad Al-Khalifa, who is also the chairman of the EDB.

The visiting delegation consisting of officials from the EDB and international investors who attended the forum, were received by officials from Diyar Al-Muharraq.

At the Diyar sales office, they were briefed on the significance of each prominent project and the different ways in which they contribute to both the economy and the culture of Bahrain.

They were then taken to the Marassi Al-Bahrain sales office, where they were introduced to the project by the Marassi sales team. The delegation toured the most noteworthy projects within Diyar Al-Muharraq, including Marassi Al-Bahrain and Dragon City, and was given the latest updates of each.

Diyar Al-Muharraq will participate in the Gateway Gulf Investor Forum Bahrain 2018, where Maher Al-Shaer, the company’s chief executive officer, will be a keynote speaker.

Elaborating on the visit, Al-Shaer said: “It brings me immense pleasure to be welcoming such a high-level delegation to Diyar Al-Muharraq as it is in keeping with both the transparency of our architectural aspirations and operations and is in tandem with the illustrious nature of our visionary development.

“We take pride in being a vital point of investment and bringing financial infrastructural progress to Bahrain. Therefore, we look forward to hosting the eminent investors who are part of the delegation and to elaborating on the vitality of our master-planned development, on a long-term basis, to both the Kingdom and the regional real-estate and property-development industry.”

Decoder

Bahrain Economic Development Board

The Bahrain Economic Development Board is a dynamic public agency with the overall responsibility for attracting investment into Bahrain.


Ascott launches Festive50 offer in Jeddah, Turkey

Updated 21 October 2018
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Ascott launches Festive50 offer in Jeddah, Turkey

The Ascott Limited (Ascott) has announced a special offer across selected properties, in celebration of the festive season.

The Festive50 offer is available across Ascott’s Jeddah properties — including Ascott Sari Jeddah, Ascott Tahlia Jeddah, Citadines Al-Salamah Jeddah and Spectrums Residence Jeddah — as well as Somerset Maslak Istanbul in Turkey. Guests can enjoy 50 percent off their stay until the end of 2018. 

Properties are located close to various restaurants and attractions for travelers to enjoy. The serviced residences also provide guests with a range of facilities and amenities to further aid in their convenience, including fully equipped gymnasiums, swimming pools, lounges, restaurants, parking and meeting facilities.

Ascott Sari Jeddah is located among prominent shopping malls and the Jeddah corniche, a key attraction for visitors to the city. Various entertainment and lifestyle offerings are available in the vicinity, including the tallest fountain in the world, King Fahd’s Fountain.

Ascott Tahlia Jeddah is situated in the heart of the city, providing guests with easy access to many multinational companies, fashion boutiques, restaurants and cafés. 

Citadines Al-Salamah Jeddah, in the north of the city, is surrounded by a variety of culinary hotspots. Given the city’s close proximity to the Red Sea, guests are often spoilt for choice due to the number of top seafood restaurants in the area.

Spectrums Residence Jeddah, on Prince Sultan Road in the Al-Salamah district, is in the vicinity of shopping malls, international schools and hospitals. Its prime location allows travelers to enjoy balanced living in the bustling city. 

Those looking to venture out of the Middle East for a quick escape, can head to Turkey to avail the Festive50 offer at Somerset Maslak Istanbul. The property lies within Europe’s largest lifestyle development, the new Maslak 1453. Providing an oasis of calm in the bustling city, the property is the perfect balance between work and play.

The Ascott Limited is an international serviced residence owner-operator. The Singapore company has more than 55,000 operating serviced residence units in key cities of the Americas, Asia Pacific, Europe, the Middle East and Africa, as well as over 39,000 units which are under development, making a total of more than 94,000 units in over 630 properties. The company’s brands include Ascott, Citadines, Somerset, Quest, The Crest Collection and lyf. Its portfolio spans more than 160 cities across over 30 countries.

Ascott, a wholly owned subsidiary of CapitaLand Limited, pioneered Asia Pacific’s first international-class serviced residence with the opening of The Ascott Singapore in 1984. In 2006, it established the world’s first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust.