Gredco is Marsa Al Seef development manager

The Global Banking Corporation (Gbcorp) yesterday appointed the Global Real Estate Development Company (Gredco) as the development manager in charge of development and marketing of the $2.5 billion (Dh9.18bn) Marsa Al Seef project in Bahrain.

Gbcorp is an Islamic investment bank incorporated in Bahrain in June 2007. Marsa Al Seef is a waterfront project located on the country's northern coast.

"Gbcorp's business strategy is to build on the region's positive economic outlook, particularly in Bahrain. We aim to capitalise on new opportunities that transcend global boundaries and serve as a unique accelerator for investments within the GCC," said Abdul Rahman Mohammed Al Jasmi, Vice-Chairman and Managing Director of Gbcorp and Chairman of Gredco.

Gredco recently Appointed Maher A Aziz Al Shaer as the new CEO of the company. "Maher Al Shaer's valuable experience in real estate and strategic business approach are key fundamentals that add value to Gredco's portfolio," said Jasmi.

 

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