Diyar Al Muharraq Signs MoU with WCT Bahrain

Diyar Al Muharraq, Bahrain’s largest real estate development company, has signed a Memorandum of Understanding (MoU) with WCT Bahrain, a subsidiary of Malaysia’s WCT Holdings Berhad. The signing ceremony took place on Friday, 7th November, at the Four Seasons Hotel Bahrain Bay, in the presence of Mr. Abdulhakeem Yaqoob Alkhayyat, Chairman of Diyar Al Muharraq, Eng. Ahmed Al Ammadi, Chief Executive Officer of Diyar Al Muharraq, Dato Avinderjit Singh, Chairman of Summit Ventures and Ir. Dr. Tony Chan Tuck Leong, Chief Executive Officer of WCT International and Executive Director at WCT Bahrain.

The agreement sets the stage for both parties to explore areas of collaboration across private residential and commercial developments within Diyar Al Muharraq. In addition to identifying opportunities that contribute to public housing projects. The MoU supports Bahrain’s broader national objectives to advance urban sustainability and expand access to affordable housing, which will help drive long-term economic growth.

Commenting on the signing, Mr. Abdulhakeem Yaqoob Alkhayyat, Chairman of Diyar Al Muharraq, stated, “This agreement reflects Diyar Al Muharraq’s continued commitment to forging partnerships with prominent regional and international entities to advance sustainable urban and economic development. We believe our collaboration with WCT Bahrain will contribute towards delivering high-quality real estate offerings that align with national priorities. We remain dedicated to supporting Bahrain’s Economic Vision 2030 by developing projects that serve the needs of both individuals and the wider community while contributing to the diversification of the national economy.”

Expressing his thoughts on the partnership, Ir. Dr. Tony Chan Tuck Leong, Chief Executive  Officer of WCT International and Executive Director at WCT Bahrain, added, “Diyar Al Muharraq stands out as a benchmark for modern city planning in the region, and we are honored to build on our partnership with them to develop a more sustainable, economic model to support the growing demand in public housing, while establishing a thriving real estate business to foster greater success within Diyar. This MoU opens the door to promising opportunities for investment that will further enrich Bahrain’s urban landscape with more integrated residential and commercial projects. We are confident that this combination of local expertise and Bahrain’s strong infrastructure, together with our extensive engineering capabilities, will result in impactful, community-focused developments with lasting value.”

This strategic collaboration reinforces Diyar Al Muharraq’s position as a key partner in advancing the goals of the Kingdom’s Economic Vision 2030 by delivering master-planned urban communities that promote sustainable growth and position Bahrain as a regional destination for real estate investment and innovation.

Diyar Al Muharraq is Bahrain’s largest integrated residential city that blends luxury with the core family values of Bahraini society. The development offers a wide range of housing solutions and contemporary lifestyles, complemented by a mix of residential, commercial, recreational, and healthcare facilities that embody the vision of modern, future-ready urban infrastructure.