Bahrain’s leading property management company Seef Properties has signed a lease agreement with Saudi Arabian leading retailers, BinDawood Holdings, to open a Danube hypermarket branch in the Al Liwan project, one of the promising projects being developed by Seef Properties.
The agreement allows the opening of the first branch of the Saudi supermarket chain at the Al Liwan Project in the Kingdom of Bahrain and it is expected to open by next year. Under the agreement, Seef Properties aims to boost the local economy by attracting investment and to strengthen Bahrain’s proud position as a major commercial and retail hub in the region. Also, it intends to provide job opportunities for Bahraini youths.
Mr. Ahmad A R BinDawood, CEO of BinDawood Holding said, “The new Danube hypermarket in Bahrain is a great start in gaining an international foothold and strengthening our brand by creating a new food and shopping experience there. The opportunities in Bahrain, and specifically in the Al Liwan Project, is significant.”
“We are glad to welcome BinDawood Holding onboard Al Liwan Project, as this partnership will be a key attraction to a large segment of visitors to one of the most diverse and integrated real estate development projects in Bahrain, considering its unmatched features and facilities, which will tangibly contribute to the national economy. This agreement reflects Seef Properties’ commitment to attracting the finest commercial brands to fulfill the aspirations and requirements of the residents and visitors of Al Liwan Project and to ensure providing them with the best shopping options. It also embodies the importance of the Project as an attraction to major enterprises that seek to widen their clients base in the Kingdom of Bahrain.”
“We are going to be the anchor grocery retailer on this important project, providing employment for the residents, and creating healthy food options for a very large and dynamic community and the surrounding neighborhoods. We are committed to providing our customers with a wide variety of fresh, authentic, and high-quality foods, as well as the same customer service and in-store experience we are well-known for,” added Mr. BinDawood.
Al Liwan Project
The Al Liwan Project, which occupies 122,000 square meters, consists of a unique mix of shopping and entertainment attractions, along with seven cinema halls and the largest entertainment center. The project also features a fully equipped gym and a group of well-known restaurants, coffee shops, and outlets, to provide visitors with the best experience.
Bahrain-based Seef Properties manages a broad portfolio of assets by promoting its status as a distinguished commercial brand. The company’s vision focuses on its continuing efforts to become a pioneer in innovation and diversity in the real estate industry, guided by the implementation of the highest standards and principles to achieve its goal of excellence and the satisfaction of shareholders, partners and customers.