Bahrain-based Shamil Bank and Ebrahim Abdulaal Group of Companies (EAG) have announced a multi-million dollar joint venture to pursue real estate opportunities in Bahrain and the Gulf.
They signed a memorandum of understanding for the joint venture.
Two projects will be initiated early next year through the joint venture - Marina Reef and City View, worth a combined value of more than $100 million.
City View is a 20-floor residential tower to be built next to Dana Mall as a high-rise development encompassing one-, two- and three-bedroom apartments with luxury fittings, complementing amenities and adequate parking space.
Marina Reef will be a mid-rise sea-themed development consisting of three six-storey buildings, offering one-, two- and three-bedroom luxury apartments on Reef Island.
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