Beyon, the Bahrain-based technology group, has unveiled plans for its ambitious 380,000 square meter Digital City project, located in Hamala, through a key signing ceremony with Bahrain Real Estate Investment Company (Edamah), the real estate arm of Bahrain Mumtalakat Holding Company (Mumtalakat).
The signing ceremony between the two entities took place during the opening day of the Gateway Gulf Investor Forum 2024 organized at the Four Seasons Hotel in Bahrain. Through the signing, Beyon named Edamah as the development manager for its signature project, for which construction is expected to begin in 2025.
The Digital City project sets a new standard for the GCC region by promoting innovative, sustainable, and people-centered urban living. It aligns with Bahrain’s national initiatives focused on digitalization and economic diversification.
Andrew Kvalseth CEO – Beyon
“Beyon’s Digital City is more than just a project, it is a vision and benchmark for the future of urban living built upon the core tenets of Bahrain’s Vision 2030 that prioritize livability, sustainability, inclusivity, and digitalization. We ourselves hold these values at the core of our business in Beyon and believe in supporting this vision, and Bahrain’s position as a symbol of a modern, connected nation. We believe that this project will provide promising investment opportunities, especially for investors interested in sustainable growth and return on investment.”
Kvalseth further explained the main elements of the Digital City, “Beyon’s Digital City development, centers around three core pillars that mirror the organization’s brand principles and identity: People, Nature, and Technology. Stemming from these are plans for the project’s prioritization of life and livability, fostering of green spaces, and embracing innovation and digital integration.”
The Beyon Digital City project is anchored by the organization’s strategic intent to deliver the digital transformation that tallies closely with Bahrain’s national digitalization drives. The project is designed to seamlessly integrate the facets of connectivity, technology, and real estate establishing a new standard for mixed-use developments in Bahrain and meeting the requirements of advanced digital lifestyles as well as international standards and frameworks for smart cities.
Additionally, projects such as these have proven to be strategic enablers of both local and foreign direct investment and a means of economic stimulus, job creation, and economic convergence across sectors, as per the company.
