Mubasher: GFH Real Estate (GFHRE) inked on Friday an escrow agreement with Khaleeji Commercial Bank (KHCB) for its upcoming prime waterfront project Harbour Row, according to a statement.
The real estate firm, which is a subsidiary of GFH Financial Group, is amongst the first developers participating in the government’s vision towards creating a new strong platform for real estate practices in Bahrain, according to GFHRE CEO Majed Al Khan.
This platform will arm developers in the region with the means and skills necessary to participate in the international real estate development markets, Al Khan added.
The statement did not mention the deal’s value.
