Alinak Bank promotes ESG heritage real estate investments
Bahraini-based Bank Al Markazi has launched an initiative to develop investment opportunities aligned with Environmental, Social, and Governance (ESG) principles in heritage real estate as part of the development project in Muharraq City. The initiative aims to preserve the cultural and historical identity of old buildings and districts, especially those located along the Pearl Path, which is listed as a UNESCO World Heritage Site. This is to be achieved through repurposing these areas for tourism, cultural, creative, and commercial projects. The initiative seeks to promote sustainable economic development, support efforts to preserve architectural heritage, and achieve a balance between urban development and maintaining the kingdom's cultural character.
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