Reef Island has witnessed a new start since the fifteenth of this month, as, under the auspices of the Real Estate Regulatory Authority and the management of the electoral process by Savills Middle East, and in the presence of neutral observers, the General Assembly held its first meeting with great success, as the attendance of 91% of the various property owners was recorded. They represent 99% of the vote weight available for rural properties.
A week after the announcement of the results of the General Assembly, the first official Board of Directors was elected, and by unanimous vote of the attendees, the result was as follows:
The Board of Directors considered the results of these elections as an additional victory to be added to the victories of the Real Estate Regulatory Authority (RERA) and its Board of Directors, headed by Engineer Essam Khalaf. It also applies to all the cadres and employees of the institution, those unknown soldiers who worked silently to enforce the laws to encourage real estate development in the country by ensuring investment stability for developers. The Board of Directors of Al Reef singled out His Excellency the CEO, Sheikh Mohammed bin Khalifa Al Khalifa, for praise and commendation for his personal efforts and keenness to form the first official union for Al Reef in general.
The new Chairman of the Board of Directors, Mr. Ronnie Moawad, expressed that this union, distinguished by its composition, is the best one to represent the island in terms of preserving its uniqueness and distinguished splendor among the urban projects in Bahrain, especially in terms of the high level of services that it has always provided, and that maintaining the quality of those services is considered an essential and vital matter for the future. In encouraging the implementation of new investment projects, such as: the wonderful “Marina Bay” project launched by Infracorp and which is under implementation, the distinguished Ahli United Bank (AUB) project whose construction is intended to begin soon, and the picturesque Reef Lagoon Villas projects of the Lulu Tourism Company, the Council also called on the remaining investors and developers. To finish their projects and benefit from this positive phase.
At the end of the meeting, the elected members of the association expressed their thanks and gratitude to all the owners who participated in the effective electoral process and for the spirit of cooperation they showed. They also extended their appreciation and gratitude to the main developer, Mr. Robert Mouawad, for all the tremendous efforts that have been made over the past two decades and are still being made to keep this island as a jewel among the urban projects in Bahrain and the Gulf.
Reef Island, under the leadership of its new Central Union Board of Directors, looks forward to a bright future full of opportunities and challenges, and enhances its long-known position as a distinguished tourist destination for Bahrain and its people. It seeks to continue the meticulous work to preserve the spirit of beauty for which it is known and to master the services to preserve the island’s prestige and the luxury of living in its surroundings.
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