Diyar Al Muharraq, the largest real estate development company in the Kingdom of Bahrain, announced its partnership agreement with Clenergize, a leading solar energy and sustainability consultancy in the Middle East region, on Tuesday, 14 November 2023, at Exhibition World Bahrain.
The signing ceremony took place alongside the second edition of Cityscape Bahrain 2023, in the presence of Eng. Ahmed Ali Alammadi, CEO of Diyar Al Muharraq, and Mr. Shyam Yadav, Managing Director of Clenergize. Through the partnership, Clenergize will evaluate Diyar Al Muharraq’s performance in Environmental, Social and Governance (ESG), sustainability and energy efficiency, followed by providing sustainability-focused recommendations and monitoring the organization’s progress.
The agreement will undergo a two-phase process, in which the first phase will include a carbon footprint assessment to analyze gaps, a materiality analysis, and an ESG measurement study. The second phase will encompass developing ESG strategies and directives, as well as identifying key ESG performance objectives and indicators, applying mitigating measures and action plans, and adhering to Global Reporting Initiative (GRI) standards when preparing sustainability reports.
On his end, Mr. Shyam Yadav, Managing Director of Clenergize, said: “With the support of our expert team of consultants and engineers, we are delighted to be collaborating with Diyar Al Muharraq to offer our premium consultancy services that aim to enhance the organization’s sustainability, ESG, and solar energy performance. We look forward to witnessing the positive impact of our combined efforts as we work towards contributing to a more sustainably-led future.”
Commenting on the occasion, Eng. Ahmed Ali Alammadi, CEO of Diyar Al Muharraq, said: “We are pleased to be collaborating with a prestigious organization like Clenergize, which aims to support our ongoing efforts to reduce our carbon footprint and establish a modern, smart and environmentally-friendly city. Moving forward, we will continue to invest in cutting-edge solutions in line with industry standards and environmental sustainability goals.”
Diyar Al Muharraq is the largest integrated city in the Kingdom, offering a variety of housing solutions and a luxurious modern lifestyle, all while persevering the traditional family values of the Bahraini community. It offers a balanced mix of residential, commercial, recreational, and healthcare facilities that encompass a smart, self-contained, futuristic model city.