Bahrain Financial Harbour firm appoints new CEO

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The company behind the $3 billion Bahrain Financial Harbour development said on Sunday it has appointed a new CEO.

Bahrain Financial Harbour Holding Company (BFHHC) said it has appointed Ahmed Ebrahim Al Moataz. He has been hired as CEO of the BFHHC and the Financial Centre Development Company (FCDC), developers of the waterfront financial city.

In a statement, the company said the new CEO is an "experienced strategist and financial consultant and advisor, with vast experience and a proven track record directing local and international investment firms towards enhanced growth and prosperity".

BFH and FCDC said: "We are confident that he has the expertise and experience to carry out this mission, and lead the BFH towards a new era of success."

Al Moataz added: "It is a privilege to be asked to lead the BFH development which is the acknowledged business hub of Bahrain, and one of the most preferred business addresses in the Gulf."

He takes the reigns of the development as it witnesses increased construction works to cater to its growing community of international businesses, companies and financial institutions.

He added: "The BFH is a key element of Bahrain's positioning as the financial hub of the Middle East, and I am looking forward to working with both the management and staff of the BFH, and the members of the BFH community, to achieve further growth and prosperity.

Bahrain Financial Harbour is spread over 380,000 sq m of prime seafront property in the centre of Manama and comprises 10 projects.

Phase I of the project is The Financial Centre which was launched in 2007 and includes the Harbour Towers, Bahrain's tallest towers, and the Harbour Mall which Bahrain Bourse has chosen as the headquarters for its operations.

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