The Chief Executive of Al Baraka Banking Group (ABG) Adnan Ahmed Yousif accompanied by members of the executive management of the Group visited the site of the Group Headquarter in Bahrain Bay, where He inspected the construction of the building, which being carried out in accordance with the timetable agreed upon with the main contractor for the project.
Adnan also was given a detailed briefing on construction works, which are going with ease due to the availability of all facilities offered by the concerned government bodies in the Kingdom, as well as the atmosphere of stability and security enjoyed by the Kingdom.
“We are very pleased for what we have seen today of the great efforts for the construction of this distinctive and unique of its kind architectural edifice, which is estimated to cost about $100 million,” Adnan said.
“Such efforts were not possible without the availability of atmosphere of stability and security in the Kingdom of Bahrain, in addition to the many facilities offered by the concerned official bodies, and full confidence in the performance of the national economy in the short and long term, all of which are factors that strengthen the confidence of major financial institutions in the Kingdom, and stimulated them to move forward in the implementation of their vital projects, which no doubt will have many positive repercussions on economic development in Bahrain,” he added.
“Our insistence to establish the Headquarter of Al Baraka Banking Group in accordance with the plan scheduled by the Group clearly emphasizes our determination to continue the outstanding performance that characterized the Group during the past years, even in light of the global economic crisis, which refers to the safety and solidity of Group strategies at all levels.”
“The new Headquarter of ABG is designed to meet the present and future needs of the Group. The choice of the Bahrain Bay for the construction of its headquarters stems from the belief of the vital importance enjoyed by the Kingdom of Bahrain as a financial and Islamic banking center both regionally and globally. This important contract embodies a dream for us to see the new headquarters of the Group constructed on latest architectural style in one of the largest development project in the heart of the Bahraini capital Manama, and therefore, the site will support the requirements for success of ABG regionally and globally and, it is consistent with our future goals and aspirations.”