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Bahrain-based Futurebank has announced plans for the development of 'Futurebank Tower', located in the Seef District, which upon completion will serve as the bank's global headquarters.
Futurebank Tower, a 19-storey commercial development, will have a gross floor built area of around 15,000sq/m with construction cost upwards of BD5.9 million ($15 million).
The new development reinforces the bank's commitment to the Kingdom of Bahrain and highlights Futurebank's intention to further the Kingdom's reputation as a regional banking and finance hub.
"Since its inception, Futurebank has worked under the regulations set forth by the Central Bank of Bahrain to establish itself in Bahrain's thriving commercial banking sector.
"The launch of Futurebank Tower signals our intent to increase our presence in the Kingdom and beyond. Bahrain's robust regulatory framework provides us with an environment conducive to steady growth and strategic expansion," said Hossein Rezaee, Futurebank spokesman for the project.
Apart from housing Futurebank's new global headquarters, the building will have six podium parking levels, an amenity level, offices and executive floors. Designed by UAE-based ARC International, the building is inspired by Arabian architecture styles and will infuse contemporary designs with modern Islamic art.
Futurebank has appointed Al Dahiya Construction & Real Estate as the project manager for Futurebank Tower.
