IFID to spotlight ‘Next Generation Finnovators’

Updated 06 November 2018
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IFID to spotlight ‘Next Generation Finnovators’

The 2nd Annual Islamic Finance Innovation Day (IFID) forum is set to take place in Bahrain on Nov. 26. The event will look at the important role of “Next Generation Finnovators” in the drive for fintech development and adoption in the Islamic banking and finance industry. The event is supported for the second year by strategic partner Bahrain Economic Development Board (EDB), which has played a central role in establishing Bahrain as a fast growing regional fintech hub in addition to a leading Islamic finance center. 
The event, taking place at the Wydham Grand, Bahrain Bay, will offer a fresh perspective into the Islamic fintech debate by showcasing the voices of rising stars in the industry. It will feature a series of discussions that explore the views of young Islamic finance professionals on the pace and impact of fintech innovation on the industry today, existing obstacles and new methods and approaches for growth and development. 
“We are pleased to be once again supporting IFID. We’re particularly excited this year to be giving young professionals in Islamic fintech a platform to voice their views and discuss the development and sustainable growth of the industry,” said David Parker, executive director, financial services, EDB.
He added: “Over the past year, there have been significant strides made in fintech innovation in Bahrain by both the private and public sectors, including the launch of the region’s largest fintech hub, and we are proud to back initiatives that encourage and foster the growth of the ecosystem.” 


Golden Gate Developers unveils newest project

Golden Gate will be developed over 140,000 square meters providing views of the waterfront and iconic Bahraini landmarks.
Updated 13 November 2018
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Golden Gate Developers unveils newest project

Golden Gate Developers launched their residential development project Golden Gate on Saturday at the Four Seasons Hotel in Bahrain Bay. The project is a result of a joint venture between Bahraini-based company Kooheji Golden Gate and Indian real estate companies Ajmera Realty and Mayfair Housing.

The launch event was open to the public, who had an exclusive first look at the property in its entirety. Guests were also treated to a 360-degree virtual reality tour, where they were able to walk through the property and have a virtual experience of living in their homes. 

Chairman of Kooheji Golden Gate Ishaq Al-Kooheji said: “The innovation and creativity that we have shown will only propel Bahrain into the spotlight, making the Kingdom an exemplar of excellence in the real estate industry.”

Manoj Ajmera, managing director of Ajmera Realty, said: “We are thrilled with the way the launch has taken off and are expecting only bigger and greater successes for the Golden Gate project and our growing relationship with the Kingdom of Bahrain.”

Real estate firms Ajmera Realty and Mayfair Housing have delivered a number of commercial and residential spaces in India.

This partnership aims at fostering a long-lasting relationship between these two nations and attracting more foreign investment into the country. 

The property will be situated in the heart of Bahrain Bay, one of the most desirable locations for residential and commercial developments in the country where amenities and transport links are easily accessible for residents to enjoy. Golden Gate will be developed over 140,000 square meters providing views of the waterfront and iconic Bahraini landmarks.

The project will feature a “modernistic interpretation of traditional architecture” and aims to become the tallest residential towers in the country, consisting of two towers with 45 and 53 stories and a total of 746 luxurious apartments, starting at 45,000 Bahraini Dinar ($119,380). The development fuses both Bahraini and Indian cultures, paying homage to their rich cultural backgrounds. 

Nayan Shah, chairman of Mayfair Housing, said: “Bahrain was a great choice for our first international venture as Golden Gate Developers, and Bahrain Bay was the best place to begin our journey. We are impressed with the country’s business-friendly mentality and strong work ethic, which enabled us to create possibilities such as the Golden Gate project, which we hope to make a prestigious landmark.”