In 2002, Injazzat Real Estate Development Co. established First Real Estate Company in equal partnership with a qualified and expert Bahraini investor. The company focuses on the construction and development of residential complexes. In the 3rd quarter of 2005, the Company underwent restructuring and increased its capital to BD 30 million through allowing additional assets and new investors to join the company. Injazzat Real Estate Development maintained a 18.75% ownership interest in the restructured Company. The company continues to expand its activities through maintaining quality performance of its income-generating assets which are characterized by high occupancy rates in addition to continuous investment in promising projects, taking advantage of the strategic locations of the lands and assets held for development. Since incorporation, First Real Estate Company has completed the development of Al Juffair Complex I & Al Juffair Complex II projects, warehouses in Bahrain Investment Wharf, and The 100 Residence Tower in addition to trading lands with strategic location. The company is currently developing two projects: one in partnership with Dhow Real Estate Co. comprising of a residential tower in Al Seef Area and due for completion in the first quarter of 2014. The second, a warehouse in Bahrain Investment Wharf and is due for completion in the first quarter of 2013