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Title: Achieving Total Income Worth USD 195 Million: Infracorp Reports Net Profit of USD 26.5 Million in H1 2024

Manama, Bahrain, 30th Aug 2024 - Infracorp, a leading specialized company in investing in the infrastructure and sustainability development sector, announced its financial results for the period ended 30th June 2024, reporting a total income of BD 195 million during the first half of the year with a 182% increase compared with the same period last year. Additionally, the company achieved a net profit of USD 26.5 million, with an increase of 28.4% in comparison with USD 20.6 million for the same period in 2023.Infracorp has reached several key milestones in its real estate portfolio projects, including the announcement of the commencement of construction works on the Marina Bay project located on Reef Island in the capital, Manama, which features a collection of luxury villas, along with a selection of penthouses and duplexes that offer stunning waterfront views. This positive performance underscores Infracorp’s commitment to fostering growth across its diverse portfolio in the infrastructure and investment sectors, as evidenced by its current projects and strategic partnerships.Bahrain Harbour has also witnessed several developments, with the University of Strathclyde announcing that it will be the site for its educational operations in the Kingdom of Bahrain, a move that is expected to boost visitor growth in the area. This development comes as several global brands launch their operations in the hotels, food and beverage, and retail sectors, contributing to the company’s vision of creating an integrated community and establishing a leading tourist and educational destination in the Kingdom.Regionally, the company announced the completion of hospitality projects in both Marrakech and Tangier, Morocco. Additionally, construction works are continued in the residential un...

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