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Article: IIB ANNOUNCES FURTHER PROGRESS ON THE DEVELOPMENT OF DUBAI

Article from:
Al Bawaba
Article date:
October 9, 2006
Copyright

International Investment Bank (IIB), a globally focused investment bank based in Bahrain, today announced further progress on the development of West Bay Tower, a commercial real estate investment in which the Bank holds a 65% shareholding.

IIB's investment in West Bay Tower was heavily oversubscribed by investors from across the GCC in June 2006 and represents IIB's second investment in Dubai's Business Bay development.

"Following the appointment of several leading firms to manage the development of the uniquely designed 27-storey X-shaped tower, there has been significant movement forward in a number of key areas over the past months. Preliminary designs of the tower have been completed ...

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