Bahrain’s Edamah completes $20m smart parking project
A smart car park project valued at $20.2m (BHR7.6m) has been completed in Manama, Bahrain.
Developed by Edamah, the car park complex, called The Terminal, is located in the Adliya neighbourhood and has a land area spanning 4,801m2.
Offering visitors access to 330 parking spaces, as well as 10 dining and commercial outlets, the project was inaugurated last month by Deputy Prime Minister Shaikh Khalid bin Abdullah Al Khalifa, chairman of the Bahrain Mumtalakat Holding Company.
The real estate division of the government of Bahrain, Edamah has plans to develop more than 1,000 car park spaces in the next five years, Bahrain News Agency (BNA) reported.
According to the company, these planned car park spaces will be managed through a centralised smart software designed to cut operational costs and boost efficiency and customer satisfaction.
These car park projects will be equipped with auto pay machines that will let visitors pay parking fees using cash, a debit or credit card, or a mobile app.
Edamah chairman Khalid Al Rumaihi commented: "Edamah has an ambitious five-year strategy, which will contribute to Bahrain’s plans for robust investment in domestic infrastructure, supporting the national economy by enabling technological integration in architecture.
“Our future project portfolio will be enhancing existing projects in addition to new projects to be developed, which will include industrial, retail, leisure, and recreational projects utilising some of the most spectacular waterfront settings available in the Kingdom.”
He added: "During Q4 2017, the real estate sector grew by 7.6% due to high demand for residential, tourism, and retail developments in the Kingdom.
“Edamah is seizing the opportunity by responding to this high demand, developing a diversified portfolio of commercially viable projects."
The company reportedly has a $37.1m (BHR14m) three-year pipeline that includes projects like the Sa’ada waterfront development and a multi-storey car park in Salmaniya.
