Mon, Oct 14, 2024 | Rabi al-Thani 10, 1446 | DXB ktweather icon°C

GBCORP Signs MoU with Asia Development

MANAMA — Global Banking Corporation BSC (GBCORP), the Bahrain based investment bank has announced that it has signed a Memorandum of Understanding with Asia Development Co. Ltd. (ADCO), Thailand marking GBCORP’s premier investment initiative in the Kingdom of Thailand.

Published: Wed 8 Oct 2008, 11:01 PM

Updated: Sun 5 Apr 2015, 2:14 PM

  • By
  • Staff Report

Speaking soon after the MoU was signed, Ahmed Al Khan, Head of Investment Banking at GBCORP said: “The Memorandum of Understanding provides the framework under which GBCORP and ADCO are able to work together to leverage on investment opportunities in the Kingdom of Thailand.”

Highlighting the tremendous market potential, Al Khan added that Thailand today stands on the threshold of emerging nations offering investors strategic investment opportunities in key sectors such as; financial markets, energy, medical tourism, infrastructure and real estate development.

Speaking on the strategic alliance with GBCORP, Thavatvong Thanasumitra, Director at ADCO said: “The signing of the MOU with GBCORP is the first step in defining the way forward by identifying the right investment opportunities and enabling GBCORP leverage on these opportunities.”


Next Story