Leasing Agreement Signed with with Al Meer Group to Open a Traditionally Themed Al Muntazah Market Branch in Souq Al Baraha
Diyar Al Muharraq, one of the largest real estate development companies in the Kingdom of Bahrain, announced signing an agreement with “Al Muntazah Market” to join an increasing roster of vendors already signed to the Souq Al Baraha project. Al Muntazah Market owned by Al Meer Group is a well-known local supermarket chain established since 1952 with many branches across the Kingdom. Located in the center of the integrated city of Diyar Al Muharraq, the Souq Al Baraha project will add an authentic local feel to the upcoming shopping destination of Diyar Al Muharraq. Upon its opening in the second quarter of 2021, The Souq will provide shoppers with a diverse selection of shops and concepts creating a new shopping journey that honors the Kingdom’s rich past with modern-day conveniences.
Comprised of both indoor commercial and retail spaces, as well as outdoor kiosks, the Souq is set to cater to a range of lifestyle needs to residents and visitors from across the Kingdom. The Souq reflects the community-based culture Diyar Al Muharraq offers, and aims to provide shoppers with the traditional and local Bahraini hospitality experience, selling modern day concepts as well as traditional Bahraini products, foods, handwoven handicrafts, and textiles under a single roof. It will offer shoppers a wide array of choices of restaurants, cafes, daily food market stalls, and also includes an entertainment facility, creating a space for the entire family to enjoy. The Souq is set to open in the second quarter of this year 2021.
The notable supermarket chain, Al Muntazah Market, will be the only retailer of its kind within Souq Al Baraha, leasing a space of 1355 SQM, and will be themed traditionally, reflecting the look and feel of Souq Al Baraha, truly embodying the texture of old markets in Bahrain.
Commenting on the signing of Al Muntaza Market to the project, Chief Executive Officer of Diyar Al Muharraq, Eng Ahmed Ali Alammadi stated: “We are pleased to welcome Al Muntaza Market as the exclusive supermarket in Souq Al Baraha. The supermarket will be designed to offer a traditional feel that is in line with the direction for Souq Al Baraha, we worked closely with their team to ensure the nostalgic Bahrain will be felt, ultimately providing shoppers with a unique experience. Souq Al Baraha will compliment Diyar Al Muharraq masterplan seamlessly, contributing to the holistic lifestyle the city has to offer.”
Spanning over 17,000 sqm and boasting 13,431 sqm of leasable areas, Souq Al Baraha has a built-up area of 20,242 square meters, and covers a total land size of 64,202 square meters. The Souq comprises of 468 retail spaces, which are strategically located along wide paths and streets. Souq Al Baraha is poised to become a one-of-a-kind shopping destination for the residents of Diyar Al Muharraq, as well as visitors from across the GCC.
About Diyar Al Muharraq: Diyar Al Muharraq is one of the largest real estate development projects in the Kingdom of Bahrain. It is an urban location the blends elements of modern life and the original Bahraini heritage, with its unique mix of residential and commercial projects making it among the best investment opportunities for both personal and commercial assets. Diyar Al Muharraq is located in the northern part of the city of Muharraq, on a total area of 12 square kilometres, with 7 reclaimed islands with an area of 10 square kilometres and 40 kilometres of waterfronts and picturesque sandy beaches and aspires to be a sustainable model city for the foreseeable future. Diyar Al Muharraq’s projects will incorporate all the elements that constitute an integrated community in all respects, this includes residential and educational facilities, medical centres, commercial complexes, parks, hotels and ship harbours, making the location an ideal place for families to settle and enjoy a rich social living environment.