Contractor’s appointment kick-starts first phase of BIBF new iconic building

Sunday, February 24, 2019

In line with the National Development Strategy led by the Economic Development Board (EDB) to ensure excellence in infrastructure, the Bahrain Institute of Banking & Finance (BIBF) has appointed Dadabhai Construction as the contractor for phase one of its new iconic seafront building in Bahrain Bay, with a 25,000 square meter area, as part of its plans to accommodate the increasing demand and better serve the training and development needs of the workforce in Bahrain.

Established in 1977, Dadabhai Construction have more than 38 years of experience in the field of construction, property development, interior decoration & allied services, and are a part of well-versed Dadabhai Group. They have a proven track record in delivering a number of high-profile projects on a turnkey basis with a full-fledged technical team having excellent knowledge on various construction and internal finishing works.

The national-scale project is to be delivered in three phases, and will provide high-tech technologies, cutting-edge facilities and electronic innovation to ensure the highest standards of efficiency, innovation, and a positive learning experience. Phase one of ground-breaking is expected to begin next month.

The project includes a master building consisting of 9 floors, with more than 50 lecture halls and a state-of-the-art auditorium to accommodate more than 400 attendees at a time, a car park building, taking into consideration the application of the latest technology, quality and environmental protection standards.

The BIBF’s Director, Dr. Ahmed Abdul Hameed AlShaikh said: “We are delighted to have appointed such an established business as the contractor to begin works on our new iconic building, which is considered one of the most prominent development projects in the Kingdom. This project represents an important milestone in the development of Bahrain’s financial services sector and the national economy as a whole. The BIBF plays a vital role in positioning the Kingdom as a Centre for Excellence & Professional Development in the region, as it is considered the ideal choice for learning.”

Dr. Al-Shaikh also pointed out that the increasing demand for the Institute’s programmes is a reflection of the confidence in the quality of training provided, and this expansion plan will further support this growth.