GHC announced the launch of their ‘Villamar at the Harbour’ in Bahrain’s Gulf Financial Harbour project in mid 2007. The completed development will be worth an estimated US$450m and will spread over 32,000m2 in three projects. This, added to the Downtown Al Areen development, doubles the company’s real estate investment in Bahrain to US$900m and Al Ameer is keen to continue the search for further opportunities.
Gulf Holding Company
Launched in November 2005, in the State of Kuwait, Gulf Holding Company is a Sharia’ compliant company. Gulf Holding Company has been specially set up to initially offer cutting-edge real estate investment products and services. In the long-term the company aims at diversifying in to a trusted holding company that boasts of smart, intelligent and value driven investment products and services. Core to its business model is the Signature Series which not only ensures Gulf Holding Company and its investors’ higher premiums and returns, through the exclusivity quotient, but also a very strong differential.
With a total paid-up capital of KD70 million (approx US$ 243 million), Gulf Holding Company initially floated a KD69 million (approx US$ 239 million) placement offer to tap the investment potential of the real estate and infrastructure sectors of the region.
Today, through its
Signature Series
, the company already boasts of investments totaling US$ 1.25 billion in two large-scale real estate developments in the Kingdom of Bahrain, namely: Villamar @ the Harbour at the Bahrain Financial Harbour and Downtown Al-Areen at the Al Areen development. Gulf Holding Company also aims at offering its shares to the public through a planned listing on the Kuwait Stock Exchange.
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