New joint venture to draw in foreign investors to Bahrain

Updated 22 October 2018

New joint venture to draw in foreign investors to Bahrain

Kooheji Golden Gate has partnered with Indian property developers Ajmera Mayfair to form a joint venture called Golden Gate Developers, promising a blend of state-of-the-art living, modern hospitality and world-class business centers. 

Ajmera Mayfair Realty Group have a combined experience of over 100 years in the real estate industry, delivering a total of 40 million square feet of commercial and residential spaces in India and currently having prospects worth more than $4 billion underway. The project is to be developed on Bahrain Bay, which is a hub of prime property in Manama with a beautiful view of the city skyline.

Manoj Ajmera, managing director of Ajmera, said: “Bahrain provides a supportive business environment and a workforce with a strong service ethos, and this project has strengthened our ties with the nation as well as the people of Bahrain.”

Nayan Shah, chairman of Mayfair Housing, said: “According to the Expat Insider Survey findings, Bahrain is now considered the best destination for expats, which broadens the scope for them to consider moving to Bahrain. This is especially an important factor in attracting foreign investment, and trade and business opportunities. It also increases the potential for tourism in the region, as many Indians now consider Bahrain an ideal destination for weddings and holidays.” 

Chairman of Kooheji Golden Gate Ishaq Al-Kooheji said: “Under the leadership and visionary guidance of His Royal Highness Prince Salman bin Hamad Al-Khalifa, the crown prince, deputy supreme commander and first deputy prime minister, Vision 2030 promises further transformation to Bahrain and its economy. The establishment of such projects in partnership with internationally renowned companies creates an attractive environment for local and international investments, strengthening ties between both countries while contributing to the economic progression of Bahrain.” 

The project will be developed over 140,000 square meters. The total anticipated foreign investment in Bahrain is around $212 million. This partnership aims at further cementing bilateral trade and economic ties between India and Bahrain and opens up the doors to more foreign investment into the country. 




Pharmaceutical giant Allergan to train KSU pharmacy students

Updated 23 April 2019

Pharmaceutical giant Allergan to train KSU pharmacy students

Global biopharmaceutical company Allergan has signed a memorandum of understanding (MoU) with King Saud University (KSU) that focuses on developing a robust student-exchange program by facilitating training opportunities for Saudi nationals.

The agreement was signed by Ramsey Morad, Allergan’s vice president for India, Middle East and Africa, and Dr. Aws Al-Shamsan, dean of the College of Pharmacy at the university. The MoU is in line with the Kingdom’s overall efforts to drive more cooperation levels between the public and private sectors, with the underlying objective to integrate Saudi nationals into various fields within the health-care sector.

Under the agreement, Allergan will provide training courses on an annual basis for students at the College of Pharmacy as well as programs to develop their scientific and medical knowledge and align them to international industry best practices. Students will be assessed according to set parameters, and the top performers will earn an internship opportunity with the company

In addition, Allergan will run courses for faculty members at the College of Pharmacy with a focus on leadership skills.

Morad said: “We have used practical methods to express our commitment toward the Kingdom and toward the realization of Vision 2030. We are placing a very high emphasis on developing the local capabilities of Saudi nationals within the health-care sector, and this partnership with a leading university in the region is one of the steps we are taking. Saudi Arabia is at the heart of our operations in the region, and this MoU represents a key milestone in our efforts to attract the young minds of tomorrow and integrate them as core members of our Allergan team.” 

Al-Shamsan said: “We are proud to partner with Allergan to implement internationally recognized knowledge-based programs for the development of our students. With this MoU, we are focusing on the enhancement and development of the pharmaceutical sector across the Kingdom. We are guided by the mission to provide students experiences to learn from international best practices and, at the same time, work toward the improvement of the quality of the pharmaceutical sector in the Kingdom.”

Allergan said it is committed to a wide range of programs with health-care professionals, patients and national entities across the Kingdom. The company’s investments through its joint venture, Allergan Saudi Arabia, include the development of medical training centers focused on training health-care professionals in medical aesthetics.