GRNATA Group, a Bahrain-based real estate firm, will be using gulfBID as a launchpad to introduce new products from renowned global companies on the local and regional markets.

The move comes after its successful performance at last year’s event, which resulted in a number of deals for construction materials as well as real estate transactions for the firm, according to Fatima Majeed, legal adviser of Grnata Group.
The company is looking at launching products such as scaffolding from the UAE and waterproof solutions from Germany with a view to targeting the contracting market.
Grnata Group was set up almost three decades ago to spearhead growth in the real estate sector and provide contractors and the construction sector in general with a range of quality building products
It is currently the main agent in Bahrain for various international firms that offer products such as Zaid Coat, a polyurethane waterproof solution; Jafep interior and exterior decorative paints (from Spain); Altrex aluminium scaffoldings and ladders (from The Netherlands); Tutkunlar security and fire-resistant steel doors (from Turkey); and scaffolding systems from Malaysia, among other products.
“We exhibited these products at gulfBID last year, where the visitors' response was overwhelming especially towards our Spanish paints and the Dutch ladders and scaffolding,” she comments.
Grnata has this year acquired agencies for many other companies specialising in construction materials and services, enabling it to introduce new materials and the latest technology on the market and thus facilitating it to expand its operational area and enhance its capability.
Grnata Real Estate Group was established in 1982 under the banner of Al Farazdaq Real Estate Agency. Ten years later, Grnata Group emerged from the main company to tackle the challenges and capitalise on Bahrain’s real estate boom. Headquartered in the Seef District, the group has seen rapid growth since then as it strived to meet the requirements of the property market. Its scope of activities in the real estate sector covers rental, sale and purchase of real estate and real estate evaluation by a qualified evaluation committee.
Based on the recommendations of this committee, Grnata prepares realistic and detailed feasibility studies on projects. “The evaluation operation should be done prudently and precisely as any mistake may either cause an increase or decrease in the property’s real value. Our real estate evaluation committee is reputed for its studies, which have become a reference for many financial institutions and individuals,” says Majeed.
Also part of Grnata Group is Grnata Towers Contracting, one of Bahrain’s leading construction companies which is located in Jidhafs. In addition to its traditional role as main contractor, the company is also engaged in property management and development in various parts of the kingdom. “We have the experience to undertake any traditional or modern projects, whatever the type, style and method that the clients may require,” she says.
Property management is performed by the company’s highly-qualified and experienced team, consisting of an extensive staff of managers, engineers, technicians, supervisors and labourers who have been trained with the most advanced machinery and equipment to ensure excellent quality maintenance services.
“Currently, we are involved in large residential and commercial construction projects in Sitra, Sanabis, Isa Town, Saar Hamad Town, Busaiteen and Ras Zowaied with a total value of BD2.1 million ($5.6 million),” says Majeed.
The group also owns modern facilities for the production of precast concrete, prefabricated materials and building systems, she adds.
Grnata has chalked out an ambitious plan for the future, she says. “We are currently preparing plans for new construction schemes and finalising permits from the authorities in order to diversify our products and expand our scope of activities.”
Majeed sees bright prospects for the construction industry in the GCC despite the current financial crisis. “However, we think that the market should not just limit itself to building skyscrapers, commercial complexes and modern premises, but it should also extend to developing include residential premises for all segments of society,” she adds.