Bahrain to help restaurants, bars and shops by suspending rent payments

The Bahrain Real Estate Investment Company (Edamah) will waive rent for its tenants for March

Bahrain to help restaurants, bars and shops by suspending rent payments

Restaurants, bars and shops in buildings owned by the Bahrain Real Estate Investment Company (Edamah) are having their rents waived for the month of March.

Edamah, which is the real estate investment arm of the Kingdom's sovereign wealth fund, said it made the decision to mitigate business downturn as a result of the coronavirus (COVID-19) pandemic.

Amin Alarrayed, the CEO of Edamah, said that they will be reappraising the situation next month.

He said, “We see it as our duty at Edamah to work alongside our tenants to offer much needed support during this difficult time.

“For this reason, and as a gesture of goodwill, be are issuing a one-month moratorium on the rents of our F&B and retail tenants, to mitigate any business downturn.

“We will be closely monitoring the situation and want to reassure our tenants that their continued success is of the utmost importance to us.”

One tenant of Edamah said they “deeply appreciate” the gesture, and that it will be a “great help” for their business.

If you’re looking for all the latest information about the COVID-19 pandemic, make sure you check article here which details all of the latest news and advice for Bahrain’s residents.

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