The Bahrain Property Development Association (BaPDA) welcomed into its fold its newest member, Naseej Properties, the first fully-integrated real estate and infrastructure Development Company in the MENA region. Founded in August 2010, the Bahrain Property Development Association (BaPDA) is the first of its kind in Bahrain, and has already initiated, in the short period of its existence, efforts towards forming amicable business ties among the members, and providing a platform for them to communicate with governmental and non governmental agencies thereby increasing the efficiency, productivity and quality of the industry.
Welcoming the new member organization, Mr. Aaref Hejres, Chairman of the Board of BaPDA said, "Naseej Properties was established by prominent private and public sector investors to act as a pioneering catalyst for addressing the region's affordable housing development needs. The shareholders of Naseej are Ithmaar Bank, Ithmaar Development Company, BBK, Gulf Finance House, Khaleeji Commercial Bank, Faisal Islamic Bank of Egypt, Palm Capital, Social Insurance Organisation of the Kingdom of Bahrain, and Eskan Bank, which will insure bringing to the table a wide range of professional experience and expertise which will add substantially to BaPDA's pool of talent.
On the occasion Mr. Christopher Sims Naseej Properties Chief Executive Officer said: We are delighted to be joining the Bahrain Property Development Association, which plays such an important role in representing and developing the property development industry in the Kingdom of Bahrain. Naseej is fully committed to becoming an active member, engaging in meaningful debate on all pertinent issues and trends and, in particular, supporting BaPDA's objective to promote environmentally-friendly and sustainable design and construction methods.