25.10.2016 - Bahrain’s Mumtalakat to invest in the real estate sector: CEO
Mumtalakat, Bahrain’s sovereign wealth fund, is planning to invest heavily in the country’s real estate sector in the coming years, the company’s chief executive officer said. New hotels, shopping malls and spas would be constructed to boost tourism, Mahmood H Al Kooheji said, adding that the total investment in the projects would be about $500 million (Dh1.84 billion) over the next five years. “There is a huge demand for real estate and tourism related projects in Bahrain due to large number of Saudis travelling to the country to spend time. The supply is not matching the demand and we hope to fill the gap with the new projects,” said Al Kooheji........................................Full Article: Source
Print