In line with its strategy to diversify its investment portfolio, Bahrain Real Estate Investment Company (Edamah) BSC, the property arm of the Kingdom’s sovereign wealth fund, will be acquiring 36.6 per cent of the shares in the Bahrain Car Parks Company, a publicly-listed company on the Bahrain Bourse, which specialises in the construction, development and management of parking lots, subject to obtaining the required regulatory approvals. The acquisition comes as part of Edamah’s long-term strategy to develop new projects, renovate previous projects, and manage them to global standards, implementing best industry practices while seeking to meet the needs of the market and creating value for the entire local community at large.
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