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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Bahrain’s SWF to bail out stalled developments

Posted on 07 March 2013

Bahrain’s sovereign wealth fund is considering investing in some of the country’s stalled property developments to help kick-start them again. Mumtalakat CEO Mahmood Hashim Al Kooheji said the company’s real estate arm, Edamah, would invest in the part-finished projects if they were commercially viable.
At least four significant developments – Bahrain Bay, Marina West, Marina Reef and the Villamar residential complex - have stalled since the onset of the financial crisis, which saw the average value of real estate in the country plummet………………………………………..Full Article: Source


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