Edamah, the real estate arm of Bahrain Mumtalakat Holding Company (Mumtalakat), has teamed up with Ali & Mohammed Yateem Bros Company as part of its commitment to driving economic growth.
The deal involves a mixed-use investment project worth $13.25 million (BHD 5 million) in Arad, Muharraq Governorate. Ali & Mohammed Yateem Company secured the project bid through a public auction carried out by the Government Land Investment Platform through the Tender Board.
The landmark project will be developed on Edamah’s 16,000 square meter plot in Arad, and the construction is set to commence by early 2026. The development aims to elevate quality of life for citizens and residents.
Furthermore, it will include 52 commercial units alongside restaurants, medical clinics, and retail outlets. The project will also feature fuel station and other support services. The commercial built-up area spans 4,500 square meters, of which 4,120 square meters will be leasable.
Khalid Abdulrahman Al-Majid CEO – Edamah
“This project highlights Edamah’s commitment to effective, strategic investments that maximize the use of our real estate portfolio while enhancing the company’s financial returns. Projects such as this one serve as a powerful catalyst for economic growth, providing benefits to society and the Kingdom’s real estate sector.”
Mohammed Hussain Yateem, Vice Chairman of Ali & Mohammed Yateem Bros Company, added that, “We are delighted to be collaborating with Edamah to expand our investment portfolio through the development and operation of this unique project. The addition of commercial facilities, green outdoor spaces, and a fuel station will widen the range of services available to residents and visitors.”
Through sustainable investment partnerships with local and regional companies, Edamah’s real estate portfolio has been experiencing rapid growth.
