What is the scope of the project at Bilaj Al Jazayer?

The project is a phased mixed-use development that will include more than 700 residential and retail units, integrated into Bahrain's largest beachfront destination.

What is the significance of this agreement for Retal Urban Development?

This agreement marks Retal Urban Development's first investment step and official entry into the Bahraini real estate market, forming part of its regional expansion strategy.

How does this project align with Bahrain's economic goals?

The Bilaj Al Jazayer project aligns with Bahrain Economic Vision 2030 by supporting growth in tourism and hospitality, serving both residents and visitors, and enhancing Bahrain's appeal as an investment destination.

Where was this co-investment framework announced?

The co-investment and development framework was announced at the fourth edition of the Gateway Gulf forum in Bahrain.

All news

Development·2 November 2026

Edamah and Retal Sign Co-Investment Deal for 700+ Units in Bahrain's Bilaj Al Jazayer

Bahrain's Edamah, the real estate arm of Mumtalakat, has partnered with Saudi developer Retal Urban Development to co-invest in a mixed-use project with over 700 residential and retail units within the Bilaj Al Jazayer m

Bahrain Real Estate Investment, known as Edamah, has signed a co-investment and development framework agreement with Saudi Arabia's Retal Urban Development. The partnership aims to jointly invest in, develop, and manage a phased mixed-use project that will include over 700 residential and retail units within the Bilaj Al Jazayer masterplan in Bahrain.

The agreement, announced at the fourth edition of Gateway Gulf, marks Retal's official entry into the Bahraini real estate market. Edamah, which operates as the real estate arm of Bahrain's sovereign wealth fund Mumtalakat, positions Bilaj Al Jazayer as one of its flagship projects and Bahrain's largest integrated beachfront destination.

Project Vision and Economic Impact

The Bilaj Al Jazayer masterplan is designed to offer public beaches, hospitality, leisure, and mixed-use residential options, aligning with Bahrain Economic Vision 2030. The development aims to serve both residents and visitors, supporting growth in Bahrain's tourism and hospitality sectors.

Khaled A.Rahman AlMajed, CEO of Edamah, stated that the framework is a crucial step for the Bilaj Al Jazayer masterplan's development. He highlighted that collaborating with leading regional developers like Retal, known for their delivery and investment capabilities, will help accelerate subsequent phases of the masterplan and attract further investment into Bahrain.

Regional Collaboration and Future Prospects

Eng. Kamal bin Ahmed Mohammed, CEO of Retal, described this agreement as a significant milestone in Retal's regional expansion strategy and its inaugural investment in Bahrain. He expressed confidence in bringing Retal's expertise in integrated developments to create a distinctive project that meets modern urban living standards and market demand. Both parties view Bahrain as a promising market with attractive investment opportunities, with intentions to explore future collaborations.

The partnership also reinforces economic and investment ties between Bahrain and Saudi Arabia, promoting increased joint private sector involvement in major projects. This is expected to support economic diversification, job creation, and growth in real estate-related sectors, enhancing Bahrain's appeal as an investment destination.

Frequently asked

Questions, answered

What is the scope of the project at Bilaj Al Jazayer?: The project is a phased mixed-use development that will include more than 700 residential and retail units, integrated into Bahrain's largest beachfront destination.
Who are the key partners in this development?: The key partners are Edamah, the real estate arm of Bahrain's sovereign wealth fund Mumtalakat, and Retal Urban Development, a Saudi developer.
What is the significance of this agreement for Retal Urban Development?: This agreement marks Retal Urban Development's first investment step and official entry into the Bahraini real estate market, forming part of its regional expansion strategy.
How does this project align with Bahrain's economic goals?: The Bilaj Al Jazayer project aligns with Bahrain Economic Vision 2030 by supporting growth in tourism and hospitality, serving both residents and visitors, and enhancing Bahrain's appeal as an investment destination.
Where was this co-investment framework announced?: The co-investment and development framework was announced at the fourth edition of the Gateway Gulf forum in Bahrain.

Reported by

Google News — Gulf Giga-Projects & Masterplans

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This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.

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