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Ithmaar Development Company (IDC), the development arm of the Bahrain-based Ithmaar banking group, has announced its platinum sponsorship of the Bahrain International Property Exhibition (Bipex) 2008.
This was finalised at a signing ceremony attended by Mohammed Khalil Al Sayed, CEO, IDC and Majeed Al Gassab, president, Bahrain Society of Engineers (BSE).
Mr Al Sayed said: "We are pleased to partner with Bipex this year. The exhibition has been able to successfully showcase the region's many landmark real estate developments and infrastructure projects and has grown in prominence in the five short years since its inception to become Bahrain's largest and most important real estate exhibition.
"Reclamation work has already begun on our flagship project - the $1.6 billion Dilmunia health island - which is set to transform the kingdom's coastline and offer visitors state-of-the-art health and wellness facilities in a resort-style environment.
"In addition to Dilmunia, IDC will be highlighting additional projects that constitute our $3.3 billion development portfolio at Bipex 2008, including the $1.5 billion Aljazayer Beach Resort project and the $175 million office tower and family-oriented hotel development to be located in Seef District."
Bipex is organised by BSE and is held under the patronage of Shaikh Khalid bin Abdulla Al Khalifa, Minster of the Prime Minister's Court.
Bipex 2008 will be held from October 23 to 25 at the Bahrain International Exhibition Centre.
