Diyar Al Muharraq Partners with Clenergize
Diyar Al Muharraq, the largest real estate development company in the Kingdom of Bahrain, announced its partnership agreement with Clenergize, a leading solar energy and sustainability consultancy in the Middle East region, on Tuesday, 14 November 2023, at Exhibition World Bahrain.
The signing ceremony took place alongside the second edition of Cityscape Bahrain 2023, in the presence of Eng. Ahmed Ali Alammadi, CEO of Diyar Al Muharraq, and Mr. Shyam Yadav, Managing Director of Clenergize. Through the partnership, Clenergize will evaluate Diyar Al Muharraq’s performance in Environmental, Social and Governance (ESG), sustainability and energy efficiency, followed by providing sustainability-focused recommendations and monitoring the organization’s progress.
The agreement will undergo a two-phase process, in which the first phase will include a carbon footprint assessment to analyze gaps, a materiality analysis, and an ESG measurement study. The second phase will encompass developing ESG strategies and directives, as well as identifying key ESG performance objectives and indicators, applying mitigating measures and action plans, and adhering to Global Reporting Initiative (GRI) standards when preparing sustainability reports.
On his end, Mr. Shyam Yadav, Managing Director of Clenergize, said: “With the support of our expert team of consultants and engineers, we are delighted to be collaborating with Diyar Al Muharraq to offer our premium consultancy services that aim to enhance the organization’s sustainability, ESG, and solar energy performance. We look forward to witnessing the positive impact of our combined efforts as we work towards contributing to a more sustainably-led future.”
Commenting on the occasion, Eng. Ahmed Ali Alammadi, CEO of Diyar Al Muharraq, said: “We are pleased to be collaborating with a prestigious organization like Clenergize, which aims to support our ongoing efforts to reduce our carbon footprint and establish a modern, smart and environmentally-friendly city. Moving forward, we will continue to invest in cutting-edge solutions in line with industry standards and environmental sustainability goals.”
Diyar Al Muharraq is the largest integrated city in the Kingdom, offering a variety of housing solutions and a luxurious modern lifestyle, all while persevering the traditional family values of the Bahraini community. It offers a balanced mix of residential, commercial, recreational, and healthcare facilities that encompass a smart, self-contained, futuristic model city.
Background Information
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.