Maalem plans mixed-use project in Bahrain
Manama, December 3, 2012
Maalem Holding, a Bahrain-based private holding company, is exploring various schemes to develop a unique mixed-use project on a strategically located land plot in the Seef district of the kingdom, said the company’s chairman.
“We are analysing assessments from our advisors,” said Matar Al Bloushi at a recent board meeting, adding that that the company is currently looking into number of projects in Bahrain and abroad.
“Bahrain remains one of the most established investment destinations in the region given its role as a financial centre and business hub in the gulf and its plans to strengthen the economy through the integration and promotion of dynamic and diversified sectors,” Al Bloushi said.
Commenting on the shareholder’s vision, Al Bloushi said: “With the support of our shareholders, we are eager to continue implementing our investment strategy in light of the changes in the market over the past few years by carefully reviewing investment opportunities with a vision to create a diversified portfolio across sectors and asset classes.”
“That said, these are exciting times considering the number of financially viable and distressed opportunities available in the local and regional market. I am sure Maalem will be playing an active role in capitalizing on the upcoming shift in market sentiments,” he added.
The company targets potential investments primarily in Bahrain as its base, in addition to other GCC Countries and international opportunities.
Established in 2008 as a closed shareholding company, Maalem Holding “Maalem” was founded by some of most prominent investment houses from across the GCC. – TradeArabia News Service