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The Bahrain World Trade Centre (BWTC), set to launch as the kingdom’s leading mixed-use commercial development, has announced the signing of Bahraini investment company, Capital Management House, which will join existing flagship tenants and take occupancy of one of the largest individual office floor spaces at 783 sqm.
The growing number of confirmed contracts for office space is evidence of BWTC’s key role in attracting a wide range of leading local and international institutions to set up or expand operations in the kingdom.
Being located at the heart of Manama’s business and commercial district, BWTC offers a world-class address in the region’s financial hub, and tenants will benefit from a network of global business contacts through the centre’s membership of the World Trade Centres Association (WTCA).
Managing director of Capital Investment House, Khalid Najibi, said: “We chose to relocate our offices to BWTC due to the immediate benefits it offers in terms of building design, office space, the multitude of services and state-of-the-art facilities, and – of course – the view.
“Thinking to the future, this location will position our company among other top financial institutions residing at this prime address where we will continue to participate in Bahrain’s financial boom, as we see the kingdom consolidate its position as a regional centre of finance and Islamic banking.”
Claire Hughes, associate director of DTZ Bahrain, BWTC’s leasing and managing agent, said: “The BWTC has a role to play in Bahrain’s continued economic success by providing the infrastructure within which companies can operate at optimum levels.
“The unparalleled range and quality of facilities available to our tenants is attracting prestigious companies like Capital Management House who are singling out BWTC as the prime business address in the kingdom. It is gratifying to see many months of planning come to fruition as more tenants begin to fit-out and plan future operations.”
Corporate residents of BWTC will benefit by combining the essential elements of business and leisure with cutting-edge corporate offices and social amenities including exceptional shopping; fine dining and casual dining restaurants; cafes; a health spa; a five-star hotel, extensive parking facilities and a range of business-related services.
The towers include sophisticated SMART features from world-class connectivity to surveillance and security systems, high speed passenger lifts; and a full service business centre with video conferencing facilities, meeting and conference rooms.
Capital Management House joins the ranks of other key financial companies that have signed tenancy agreements.
Bank Muscat International is the anchor tenant of the East Tower, locating its fifth retail banking branch on the ground floor in addition to occupying seven floors in the same tower. In the West Tower, Kuwait Finance House – Bahrain is the anchor tenant having taken occupancy of eight floors.
The National Commercial Bank, a leading Saudi Arabian financial institution operating in Bahrain, has leased a total of 2,000 sqm of office space in the East Tower occupying five complete floors.
The project is making excellent progress with all major structural works completed, and the majority of internal works exceeding 80 per cent completion. Over 70 per cent of the office floors are ready for handover to tenants taking up residence in the coming months. Inside the mall, the front entrance common areas have just been opened, with the impressive entrance way is well on the way to completion.
