AL SHALABI INVESTMENT is a dynamic and diversified Bahrain-based holding company with an extensive investment portfolio of successful businesses and partnerships that operate across the Arabian Gulf, the wider Middle East region and other parts of the world.
(ASIG) commenced operations nearly a quarter of a century ago with its first activity commencing in October, 1987.
(ASIG) is a diversified investment holding company with operations covering a broad spectrum of activities including financial services, oil and gas, real estate development, telecommunications, trading and services. With a paid up capital of BHD 2 billion with interests in real estate, construction, Oil & Gas, Health Sector, Manufacturing, trading & services, finance, AL SHAMSI INVESTMENT & Projects Development Holding Company (ASIG) has over the years contributed positively and constructively to the development of the nation. Established in 1987, the Investment has diversified itself to form individual subsidiaries each operating independently and specializing in their field of expertise.
Our subsidiaries are leaders in their areas of expertise. BMI Corporation, a recent entrant into (ASIG) GROUP Holding's umbrella, is one of the largest private trading and industrial services company in Bahrain; Midday Contracting has extensive and consistent track record in construction and engineering; Cat Construction is a leading APIC contractor serving the Oil & Gas Industry; Special Projects Services Company provides business development and representation services to Oil & Gas Companies; Al Shamsi Real Estate Company serves the real estate sector; AL SHALABI House provides investment and financial services.
AL SHALABI has also established Joint Venture Companies with renowned International Partners like Siemens - one of the world's largest electrical engineering and electronics company, Al-Fakhro - one of world's biggest technology Investments - leaders in facilities and engineering services. AL SHALABI is also currently engaged in the development of up-market and high rise real estate properties with foreign loan to companies engaged in profitable investment in the form of debt finance
Our focus is on maximizing each business opportunity that is presented to us, and creating mutually beneficial partnerships with like-minded companies and entrepreneurs, both in the Asia, Middle East and around the world. We work with our partners to create long-term business relationships, utilizing our expertise, professionalism and our network. As a social enterprise and impact investing company we offer a unique answer to the problem of sustainability. This means that we place capital in businesses and other vehicles that are designed to generate tangible social impact as well as a financial return.
REAL ESTATE SECTOR The expansion of revenues from the oil and gas sector in recent years and a fledgling economy has triggered a huge demand for commercial towers, residential units and hotel rooms. Coinciding with a massive influx of foreign workers due to the hectic pace of infrastructural and development work, the demand for real estate is going through the roof. Improvements in health care and a drastically reduced infant mortality rate have seen the population of Bahrain shoot up to a total of 700 000, growing at an astounding rate of 15% per year. Over half of the population in Bahrain resides in the capital Manama, but other areas have also seen considerable increased habitation.
The economic boom, coinciding with the jump in population has resulted in unprecedented price increases of 25 to 30 per cent for homes and residences. Not surprisingly, the current demand for residential units far outweighs the supply in Bahrain. Construction projects are springing up all over the country as construction companies and investors struggle to meet the overwhelming demand for living space.
CONSTRUCTION SECTOR Bahrain has earmarked BHD 26 billion for the next five years for new networks of roads, buildings, sewer systems, education and health projects, of which BHD 8 billion was for 2007 alone. Manama 's entire infrastructure is undergoing a massive face lift. Manama , the country's economic capital, is burgeoning in every direction. High-rise buildings seem to pop up overnight, trying to meet the increasing demand for commercial and residential space.
TRADING AND SERVICES SECTOR Trading and Services sector in Manama has grown at a tremendous speed in the past few years, thanks to the booming economy, steep hike in oil prices and multi-billion dollar investments in energy and infrastructure projects. Further, liberalization of economy, privatization, political stability and consistency in government policy have opened up lot of investment opportunities and given confidence to foreign investors thus resulting in imports of goods and services to the tune of more than BHD15 billion.
Manama's tax free environment and high standards of living are attracting investors from all over the world. Led by strong vision and a goal of financial transparency, Manama is striving to create an ideal climate for investment.
We take an active, personal and dynamic approach to our business portfolio, and in this sense we enable our extraordinary set of expertise, resources and practices to each business. Collectively our companies generate over 1,500 jobs within the UAE.