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FINANCIAL NEWS
An agreement for the operation and management of Hawar Islands
28 Jul 2013
(MENAFN) A deal was signed between The Southern Area Development Company (SADC) and VK Universal Property Management Company that allows the latter to operate and manage the Hawar Islands’ hotel facilities in Bahrain, reported Gulf Daily News.
The tourism sector in the gulf kingdom experienced a 26 percent increase in the past year, and this project is expected to help further expand this important sector.
“As the investment arm of Bahrain, we actively support the growth of the kingdom’s burgeoning tourism sector,” said Mahmood Al Kooheji, chief executive of Mumtalakat Holding Company, joint owner of SADC.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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