Dec 15, 2007

Oil Money Flows into Mumbai

Gulf Finance House Promo Mumbai SEZ Special Economic Zones Ivan RaszlAn investment bank from Bahrain announced the biggest ever ($8 Billion) foreign investment in Maharashtra to build three cities -- one each for telecom, software, and entertainment -- sprawled across 1600 acres along Mumbai-Pune expressway. Although the zone is not revealed, the land acquisition has already begun.

This commitment is in addition to the bank's commitments early this year to build an energy city for $2 Billion.

The bank wants to develop a world class business and related social infrastructure in the heart of the state's business corridor. It is interesting to know that the previous biggest investment in the state was made by now bankrupt Enron Corporation.

Energy, Telecom, Software, and Entertainment are the key drivers within the Indian economy. India's software leadership is well known, however, it is interesting to know that the country has been adding 8 million new telephone connections each month.

These specific business districts will offer holistic live, work and play environments and will include schools, villas. apartments and several four and five star hotels.

Founded in 1999, Gulf Finance House is one of the Middle-East's most-respected investment banks. It has several infrastructure investments, worth $12 Billions, across the world. These are spread across Bahrain, Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Jordan, India, Germany, Spain, Egypt, Morocco, China, USA, UK and France.