Deputy Prime Minister Sheikh Khalid bin Abdullah Al Khalifa affirmed the Kingdom of Bahrain’s keenness to continue strengthening the attractive and stimulating elements to attract qualitative investments that contribute to diversifying the base of the national economy and expanding the horizons of partnership with the private sector, in a manner that is in line with the goals of the comprehensive development process led by His Majesty King Hamad bin Isa Al Khalifa, the King of the country, and the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, Covenant Prime Minister.
He pointed to the government’s continued interest in creating success factors and growth potentials for major projects, especially in the real estate development sector, by creating a flexible work environment that keeps pace with investors’ requirements, and providing an advanced infrastructure and legislation that encourages innovation and productivity, which contributes to stimulating economic activity, creating quality opportunities for citizens, and strengthening the Kingdom’s position as a leading business center in the region.
This came when Sheikh Khalid bin Abdullah Al Khalifa met in his office this morning at Gudaibiya Palace, Walid Al Shariaan, a member of the Board of Directors of Al Sorouh Management Company and CEO of Mabanee Company, the two companies developing the Avenues Mall in the Kingdom of Bahrain and the State of Kuwait, and the Managing Director of Bareeq Al Retaj Company, Dr. Maher Al Shaer.
During the meeting, Sheikh Khalid bin Abdullah Al Khalifa praised the advanced level reached by Bahraini-Kuwaiti relations that embodies the depth and strength of the deep-rooted fraternal and historical ties between the two brotherly countries, which are witnessing continuous growth in various development fields, the most prominent forms of which are the joint projects implemented by the private sector on both sides, as they represent a successful model of fruitful economic cooperation.
He also noted that The Avenues Mall – Bahrain represents a prominent image of the effective partnership between the public and private sectors, and the efficiency it reflects in the optimal use of government lands and maximizing their use to drive economic growth. In this regard, he praised the prominent position that the complex enjoys within the system of commercial centers in the Kingdom, as it provides an integrated environment that combines shopping and entertainment, and includes a group of the most prominent Well-known international brands that have enhanced its attractiveness as one of the most prominent commercial and tourist destinations in Bahrain, especially after the completion of the second phase of the project.
During the meeting, he also listened to a briefing on the expansion plans for The Avenues Mall in the Kingdom of Bahrain and the region, and the future projects that the developing company intends to implement in the coming stages.
For his part, Al Shariaan expressed his deep thanks and appreciation to His Excellency the Deputy Prime Minister for the government’s support and the facilities it provides for investment projects, which provide the private sector with a conducive environment for growth and expansion, stressing the developer company’s aspiration to enhance its presence in the local market by implementing more qualitative projects in the coming period, wishing the Kingdom of Bahrain further progress and prosperity.
