The Board of Directors of the Bahrain Institute for Banking and Finance (BIBF), chaired by His Excellency Mr. Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain and Chairman of the Institute, approved the blueprints for the Institute’s new iconic building.
The project includes a master building consisting of 9 floors, with more than 50 lecture halls and a state-of-the-art auditorium that can accommodate more than 400 attendees, a car park building, taking into consideration the application of the latest technology, quality and environmental protection standards. The total building area will be more than 23,000 square meters, north of Bahrain Bay, to accommodate the increasing demand for training.
The plans include providing hi-tech technologies, cutting edge facilities and electronic innovation that will ensure the highest standards of efficiency, innovation and best services for trainees.
Gulf Engineering House has been appointed as the architectural consulting firm specialising in engineering consultancy and work is expected to begin on this iconic building by the end of this year.
On this occasion, the Director of the BIBF, Dr. Ahmed Abdul Hameed Al-Shaikh, stated, “This project represents an important milestone in the development of Bahrain’s financial services sector and in the development of the national economy in general. The BIBF plays a vital role in positioning the Kingdom as a centre for excellence and professional development in the region, as the ideal choice for training and preparing national competencies and providing them with the necessary skills for business development.”
Dr. Al-Shaikh also pointed out that the increasing demand for the Institute’s programmes during 2017 is a reflection of the confidence in the quality of training provided to students and employees, and this expansion plan will support this growth.
The BIBF’s new iconic building will be a project on a national scale, supporting services provided to the financial sector in the Kingdom to serve the training and development needs of the workforce in the Kingdom.