Kempinski Partners with GFH for Luxury Bahrain Project
Deal News | Nov 05, 2024 | GFH Capital
GFH Financial Group, a prominent Gulf-region investment bank, in partnership with Infracorp, has announced an ambitious luxury development project alongside Kempinski, at the Gateway Gulf Forum 2024. The Kempinski Harbour Heights is set to redefine waterfront luxury living in Bahrain with its expansive and uniquely designed offerings, scheduled to commence sales by the end of 2024. The project will feature a 260-key luxury hotel and branded residences, including the first Kempinski sky villas in the region. The development will be poised in a strategic, vibrant area within downtown Bahrain, offering panoramic views and unmatched amenities such as the highest infinity pool in Bahrain, a variety of recreational facilities, fine dining, and exclusive access to premium hospitality standards. The project aligns with Bahrain’s Vision 2030, with a completion date set for the end of 2025 for the hotel, and mid-2026 for the residences. Senior executives from both Kempinski and Infracorp reiterated the project’s emphasis on luxury and its role in enhancing Bahrain's international appeal as a luxury living and tourism hub.
Sectors
- Real Estate Development
- Hospitality
- Investment Management
Geography
- Bahrain – The project is located in Bahrain, within the Bahrain Harbour area, and is part of the country's Vision 2030 initiative.
- GCC (Gulf Cooperation Council) – GFH Financial Group operates across the GCC, and the project aligns with the regional strategic business sphere.
Industry
- Real Estate Development – The article discusses the development of the Harbour Heights luxury real estate project in Bahrain, focusing on hotel and residential offerings.
- Hospitality – The project involves the launch of a luxury hotel managed by Kempinski, a global hospitality brand.
- Investment Management – GFH Financial Group, a major participant in the project, is a key player in investment management within the Gulf region.
Financials
- US$21 billion – Assets and funds under management by GFH Financial Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GFH Financial Group | Developer/Investor | Company | A leading investment bank in the Gulf region, managing investments and strategic projects. |
| Infracorp | Partner/Developer | Company | Collaborates with GFH in the development of infrastructure projects, focusing on Bahrain's Vision 2030. |
| Kempinski | Hotel Operator | Company | A luxury hotel group developing the Harbour Heights Hotel in partnership with GFH and Infracorp. |
| Barbara Muckermann | CEO of Kempinski | Person | Expressed enthusiasm for the strategic luxury hotel and residence development in Bahrain. |
| Majed Al Khan | CEO of Infracorp | Person | Highlighted the project's alignment with Bahrain's economic and residential development goals. |