| From Menafn.com: Global Investment House (Global) announced today the launch of Mushaa Real Estate Company (Mushaa) with a capital of KD30 million. Mushaa will present a series of distinctive real estates in the GCC markets utilizing the concept of Hisas Al-Mushaa.
This will be followed by Mushaa's expansion and entry into other markets. Mushaa's operations and activities will be Sharia'a compliant.
With regards to Mushaa's excellent opportunities, Mr. Omar El-Quqa, Executive Vice President at Global said: The real estate sector is growing at an unprecedented level in the region, and is expected to continue growing. The real estate sector is also the fastest growing in comparison to other sectors, especially the hospitality segment which is strongly correlated to GDP".
He further clarified that the opportunity is still there for a considerable demand for Islamic timeshare, a sector which is under-represented in this region..... Full Article: Source
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