07.03.2013 - Bahrain's SWF to bail out stalled developments
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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