Investrade Takes Majority Stake in Bahrain’s Areen Hospitality Project

Investrade, a prominent Bahraini investment and asset management firm, announced a strategic acquisition recently. The company has secured a 53% stake in the Areen Park Hotel and The Land of Paradise Waterpark, both part of the larger Areen Master Development project situated in southern Bahrain.

The signing ceremony, held at the Al Areen project site, was attended by distinguished figures including Shaikh Mohamed Bin Abdulrahman Al Khalifa, Chairman of Investrade’s Executive Board, and Hisham Alrayes, Chairman of Al Areen Holding Company.

Expressing Investrade’s enthusiasm for the deal, Shaikh Mohamed highlighted the company’s long-term commitment to Bahrain’s growth. He emphasized their intention to leverage the kingdom’s unique potential through this investment.

This acquisition signifies a significant development for the Areen Master Project. The project envisions a comprehensive hospitality and entertainment destination encompassing the Areen Park Hotel, the newly rebranded Land of Paradise Waterpark (formerly Lost Paradise of Dilmun), luxury villas, and modern apartments.

Shaikh Mohammed bin Duaij Al Khalifa, Managing Director of Al Areen Holding Company, welcomed Investrade as a partner. He expressed his confidence that Investrade’s involvement would be instrumental in positioning the Areen Park Hotel and The Land of Paradise Waterpark as leading attractions within the project.

Al Khalifa also highlighted Investrade’s role in supporting Bahrain’s Vision 2030, a national strategic plan that prioritizes the development of the tourism sector. The collaboration between Investrade and Al Areen Holding Company is expected to contribute significantly to this goal.

Details regarding the financial aspects of the agreement have not been disclosed by either company. However, industry analysts suggest the deal signifies Investrade’s bullish outlook on Bahrain’s tourism industry, which has witnessed a steady rise in recent years. The kingdom’s strategic location, coupled with its focus on infrastructure development and cultural preservation, has made it an increasingly attractive destination for international travelers.

Investrade’s acquisition is expected to provide a significant boost to the Areen Master Development project. The influx of investment will likely expedite the project’s completion and contribute to its overall success. The project, upon completion, is poised to become a landmark destination, offering luxurious accommodations, thrilling waterpark experiences, and a variety of residential options, catering to the diverse needs of tourists and residents alike.