| Exactly one year ago the following statement appeared in the Press: "Bahrain's sovereign wealth fund is considering investing in some of the country's stalled property developments to help kick-start them again. Mumtalakat chief executive Mahmood Al Kooheji said the company's real estate arm, Edamah, would invest in the part-finished projects if they were "commercially viable".
One can only assume that the Marina West developers' demands to refinance their four year-long stalled project did not meet Edamah commercial viability checks...............................................Full Article: Source
|