Friday 18 April 2014
 
»
 
»
Story

KFH 'set to win $1.5bn Bahrain BoT project'

Kuwait City, March 16, 2008

Islamic lender Kuwait Finance House (KFH) is close to winning a real estate deal in Bahrain worth $1.5 billion, a report said.

The project will include the construction of malls, hotels and clubs on an area of 5 sq km on a build-operate-transfer basis for 50 years, the Al-Rai newspaper said in an unsourced report.

Separately, the head of KFH's international investment department, Emad al-Monee, told the paper the firm was  preparing a $100 million financing deal in Singapore.

The project would fund building a petrochemical plant with the government of Singapore and an Indian-Singaporean joint-venture, said Al-Monee.

Meanwhile, Al-Seyassah daily said in an unsourced report that an unidentified Saudi investor is in talks to buy a 10 percent stake in KFH. - Reuters   




Tags: Bahrain | KFH | BOT |

More Construction & Real Estate Stories

calendarCalendar of Events

Ads

Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on DHgate.com