Bahrain World Trade Centre (BWTC), the kingdom’s iconic landmark building and a business address of choice for leading global and regional firms, will be taking part in the upcoming Gulf Property Show in Manama, thus fortifying its strong presence in Bahrain’s high-end commercial office space.
The region's boutique showcase for real estate and property developments, Gulf Property Show is being organised by Hilal Conferences and Exhibitions (HCE) from April 25 to 27 at the Bahrain International Exhibition and Convention Centre.
It is being held under the patronage of Bahrain's Prime Minister HRH Prince Khalifa bin Salman Al Khalifa.
BWTC said this will be its debut participation at Gulf Property Show. It had previously showcased its property portfolio in several industry events including Cityscape Dubai and Bipex.
The 44-storey twin-tower skyscraper with electricity-generating wind turbines, the first building in the world with this extraordinary feature, will be highlighting its property portfolio, world-class business amenities and attractive leasing terms for prospective tenants at the Gulf Property Show.
Designed by international architectural experts Atkins, BWTC offers an elegant atmosphere, award-winning architecture, breath-taking views, high-speed panoramic elevators and cool marble interiors.
Bahrain enjoys an exceptionally favourable economic climate, an attitude that welcomes foreign investment and excellent economic development opportunities, said the statement from BWTC.
As one of the most diversified economies in the GCC with a well-established business infrastructure, Bahrain relies heavily on the non-oil sector which now accounts for 80 per cent the country’s GDP (gross domestic product).
The real estate sector with an annual growth of 5.5 per cent, has been witnessing noticeable improvements in leasing fundamentals, driven by companies looking to launch or enhance their business operations in the kingdom, thus creating a demand for high-quality spaces, it stated.
Capitalising on this growing business need, BWTC has constantly evolved its leasing strategy as per the commercial needs of foreign businesses and as a result, has achieved stable business growth and high-yield returns of the landmark property.
Over the years, the total occupancy of BWTC’s east and west tower has increased to 84.18 per cent and 82.38 per cent respectively, with seven new leasing agreements for 5,077 sq m in addition to seven lease renewals for 1,547 sq m recently concluded, said the statement.
BWTC’s tenant portfolio now boasts a dynamic mix of international and local businesses which include Kanoo Motors, Investrade, Ernst & Young, Regus Business Centre, Charles Russell, JP Morgan and Al Salam Bank Bahrain, it added.-TradeArabia News Service