On: October 06, 2016

First Bahrain Real Estate Development Company announced today the appointment of Decorators to construct the 42 villas of the new El Mercado Village in Janabiya. The development is adjacent to the new El Mercado retail centre.

Decorators is a member of the Promoseven Holdings which recently launched Bahrain’s first floating C Hotel along the Manama corniche. The company has also acquired several Italian factories for the fabrication of high-quality jointry, cut and bend, building chemicals and home finishings.

Commenting on the signing, Amin Al Arrayed, First Bahrain CEO stated, “We are very excited to be working with Decorators who are set to emerge as one of the leading contractors in the country. The El Mercado Village will be a major milestone for both companies.”

Akram Miknas, Chairman of Promoseven Holdings said, “We look forward to working with First Bahrain on this prestigious project, given their experience and strong reputation as premier real estate company.”

This news follows the announcement of the financing agreement with Kuwait Finance House for the second phase of this $30m development, designed by Sanad Engineering.

The El Mercado development is located just off the Sh. Isa Bin Salman Highway near the Saudi causeway. The 42 villas will come in two types: Eight premium stand-alone villas and 34 semi-detached homes. Residents will have quick access to restaurants, cafes, services, and the largest Alosra Supermarket in Bahrain. McDonald’s, Joe Mama’s, Second Cup, Top & Dip, The Groom Room, and Ahli United Bank are already in operation.