Futurebank announces plans for 19 storey Seef development

Bahrain: Tuesday, April 21 - 2009 @ 16:40

Futurebank Tower, a 19 storey commercial development, will have a gross floor built-up area of around 15,000 square meters with construction cost upwards of BD5.9m ($15m).

Futurebank’s new development reinforces the bank’s commitment to the Kingdom of Bahrain and highlights Futurebank’s intention to further the Kingdom’s reputation as a regional banking and finance hub.

“Since its inception, Futurebank has worked under the regulations set forth by the Central Bank of Bahrain to establish itself in Bahrain’s thriving commercial banking sector. The launch of Futurebank Tower signals our intent to increase our presence in the Kingdom and beyond. Bahrain’s robust regulatory framework provides us with an environment conducive to steady growth and strategic expansion,” said Hossein Rezaee, Futurebank spokesperson for the project.

Apart from housing Futurebank’s new global headquarters, the building will have six podium parking levels, an amenity level, offices and executive floors. Designed by UAE-based ARC International, the building is inspired by Arabian architecture styles and will infuse contemporary designs with modern Islamic art.

Futurebank has appointed Al Dahiya Construction & Real Estate as the project manager for Futurebank Tower.

Ahmed Yousif Ali, Managing Director, Al Dahiya Construction & Real Estate said, “Al Dahiya is extremely pleased to be working for Futurebank and will be engaged in all aspects of construction work for Futurebank Tower. Our determination to succeed has helped us to evolve from a modest venture to the multifaceted organization we are today. We expect to have this project completed by the second quarter of 2010.”

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Tuesday, April 21- 2009 @ 16:40 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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