| Targeting activities with controlled risks in | | | | Hadi says: "This partnership comes as part of |
| growing sectors like real estate, three | | | | the Bank's strategic vision of building |
| Middle Eastern financial institutions, namely | | | | alliances and strong long term relationships |
| Khaleej Finance and Investment (KFI) from | | | | with banks and investment institutions in the |
| Bahrain, Kuwait Investment Company (KIC) and | | | | GCC countries." |
| Kuwait Finance House (KFH)-Baytak are | | | | |
| promoting a US $200-million Sharia compliant | | | | Indian real estate continues to attract |
| fund for investing in Indian. | | | | investment from abroad, such as the above, |
| | | | not just for residential / commercial |
| In a joint statement, the three inform, there | | | | projects, but infrastructural ventures, as |
| is a 3 to 5-years investment period for the | | | | well. A nuclear family lifestyle that is fast |
| Fund, which has been partially underwritten | | | | catching on, a shop-till-you-drop attitude |
| by Warba Investment Company, and is a fund | | | | imparted by a strong growth Indian economy, |
| designed to reach an internal rate of return | | | | has gone a long way to ensure the developing |
| (IRR) exceeding 25% at the end of a 5-year | | | | Indian real estate sector, a long sweet |
| investment period. | | | | moolah raking love affair, for some time to |
| | | | come. |
| Designed to help the bank go beyond the | | | | |
| regional level, the fund constitutes a | | | | And again, it is a burgeoning economy that |
| qualitative change KFI activities, Nabil | | | | has necessitated the desperate need for |
| Hadi, CEO - KFI confirms: "Indian Private | | | | infrastructural growth, a need that has US, |
| Equity Fund will enable KFI to compete with | | | | European, now include Middle Eastern firms to |
| major investment institutions worldwide." | | | | the growing list, drooling at the mega bucks |
| | | | to be made in a developing Indian real estate |
| Commenting on the KFI, KIC, KFH partnership, | | | | market. |