Mr Ghanma joins NPHC from his previous role as Director for Middle East & North Africa for the Young Presidents Organisation, bringing with him a wealth of experience in engaging key government and private sector stakeholders to develop sound regulatory company policies.
"One of the core competencies Mr Ghanma brings to our organisation is his ability to connect with business and government leaders across the MENA region," said Musaed Al-Saleh, CEO and Vice Chairman of NPHC. "This is vital to our vision of becoming one of the most innovative and leading holding companies not only in the region, but also in the world."
Previous to his position with the Young President's Organisation, Mr Ghanma served as the Regional Manager, Middle East & North Africa for the World Economic Forum (WEF) and was based at the WEF Geneva headquarters in Switzerland.
During this time he was instrumental in the creation and roll-out of the first ever Arab World Competitiveness Report, which was unveiled during a special conference in Geneva attended by the region's top leaders from business, government and academia.
"Mr Ghanma's experience of managing local and international relations with key thought leaders introduces an invaluable element to the make-up of our Board of Directors," concluded Al-Saleh, "We see his addition to our company as a major milestone for the future development of National Projects Holding Co."
NPHC recently launched Dubai Recycling Park, the first fully integrated waste management and recycling park in the Middle East. This is a joint initiative with Dubai Industrial City which saw NPHC commit to invest up to US$150 million in the project. In December 2006 NPHC, through its subsidiary National Projects Real Estate Advisors Co., closed its private placement for the capital increase of the International Hotel Investments Co. having raised Euro 206 million. The shares in the capital increase were oversubscribed by 96 million shares.
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World Economic Forum representative joins NPHC
- Kuwait: Sunday, March 04 - 2007 at 10:43
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In a move aimed at further expanding local and international holdings, National Projects Holding Co. (NPHC), a subsidiary of the National Real Estate Co. of Kuwait has appointed Mr Fouad Ghanma as Advisor to the Board.
Mr Fouad Ghanma, newly appointed Advisor to the Board of Directors, National Projects Holding Co.
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Janeta Novakovic, Assistant News EditorSunday, March 04 - 2007 at 10:43 UAE local time (GMT+4)
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This article was updated on Tue May 01 2007.
Notes and Media Contacts »
For further information contact:-
Kelly Smith, MCS/Action
+971 50 498 3085
About National Projects Holding Co:
National Projects Holding Co. (NPHC) was established in January 2006 as a Kuwait based Holding Co. NPHC is a subsidiary of the National Real Estate Co. (NREC) and is a joint venture between NREC and Kuwaiti businessman Musaed Al-Saleh. National Projects Holding Co. was established with a clear focus of investing in Real Estate Development Projects and Industrial Opportunities in emerging markets.
National Projects Holding Co.'s most important investment from a socially responsible perspective is the Dubai Recycling Park project located within the Dubai Industrial City (DIC). The Dubai Recycling Park will be set up as an integrated recycling park servicing the waste generated from the industrial companies within the DIC.
National Projects Holding Co. (NPHC) has structured, advised and participated in various transactions since inception with an aggregate value of USD 818,000,000. NPHC had structured and raised Euro 206 million for the International Hotel Investments Co. which is a 5 Star Hotel operator in emerging markets, primarily in Eastern Europe.
National Projects Holding Co. is a strategic owner in the Mediterranean Investment Holding Co. (MIH) which was established with a capital of Euro 100,000,000. MIH was established with a vision of investing in Real Estate Development Projects in Libya. MIH is a joint venture between the NPHC, NREC and the Corinthia Group which is a subsidiary of LFICO, the Libyan Government.
National Projects Holding Co. strives to play a role in the communities that it conducts business in and will continue to give back to the community through environmental, cultural, educational and charitable initiatives.
About Dubai Recycling Park:
National Projects Holding Co, a subsidiary of the National Real Estate Co. of Kuwait signed an agreement in October 2006 with Dubai Industrial City, a subsidiary of Tatweer (a Member of Dubai Holding), to establish Dubai Recycling Park, the first fully integrated waste management and recycling park in the Middle East.
Dubai Recycling Park will be developed on a site measuring 1,500,000 square feet with a 49 year lease agreement with Dubai Industrial City and a capital investment of up to USD150 million. Construction is planned to commence in mid-2007 and will be fully completed within 18 months.
The feasibility study, master plan and management of Dubai Recycling Park will be contracted to Remondis of Germany, the fourth largest waste management company in the world and arguably the world's leading company in waste management technology and know-how. National Projects Holding Co. believes Dubai Recycling Park will be perhaps their most important project from a socially responsible stand point and that it should be replicated across the region. www.recyclingdubai.com
About International Hotel Investments Co.:
International Hotel Investments Co. (IHI) is a publicly traded company listed on the Malta Stock Exchange. It is majority owned by the Corinthia Group which is a joint venture between the Pisani family and the Libyan Foreign Investment Co. IHI is a five star deluxe Hotel Developer and Hotel operator under the Corinthia brand.
www.corinthiacorporate.com
Kelly Smith, MCS/Action
+971 50 498 3085
About National Projects Holding Co:
National Projects Holding Co. (NPHC) was established in January 2006 as a Kuwait based Holding Co. NPHC is a subsidiary of the National Real Estate Co. (NREC) and is a joint venture between NREC and Kuwaiti businessman Musaed Al-Saleh. National Projects Holding Co. was established with a clear focus of investing in Real Estate Development Projects and Industrial Opportunities in emerging markets.
National Projects Holding Co.'s most important investment from a socially responsible perspective is the Dubai Recycling Park project located within the Dubai Industrial City (DIC). The Dubai Recycling Park will be set up as an integrated recycling park servicing the waste generated from the industrial companies within the DIC.
National Projects Holding Co. (NPHC) has structured, advised and participated in various transactions since inception with an aggregate value of USD 818,000,000. NPHC had structured and raised Euro 206 million for the International Hotel Investments Co. which is a 5 Star Hotel operator in emerging markets, primarily in Eastern Europe.
National Projects Holding Co. is a strategic owner in the Mediterranean Investment Holding Co. (MIH) which was established with a capital of Euro 100,000,000. MIH was established with a vision of investing in Real Estate Development Projects in Libya. MIH is a joint venture between the NPHC, NREC and the Corinthia Group which is a subsidiary of LFICO, the Libyan Government.
National Projects Holding Co. strives to play a role in the communities that it conducts business in and will continue to give back to the community through environmental, cultural, educational and charitable initiatives.
About Dubai Recycling Park:
National Projects Holding Co, a subsidiary of the National Real Estate Co. of Kuwait signed an agreement in October 2006 with Dubai Industrial City, a subsidiary of Tatweer (a Member of Dubai Holding), to establish Dubai Recycling Park, the first fully integrated waste management and recycling park in the Middle East.
Dubai Recycling Park will be developed on a site measuring 1,500,000 square feet with a 49 year lease agreement with Dubai Industrial City and a capital investment of up to USD150 million. Construction is planned to commence in mid-2007 and will be fully completed within 18 months.
The feasibility study, master plan and management of Dubai Recycling Park will be contracted to Remondis of Germany, the fourth largest waste management company in the world and arguably the world's leading company in waste management technology and know-how. National Projects Holding Co. believes Dubai Recycling Park will be perhaps their most important project from a socially responsible stand point and that it should be replicated across the region. www.recyclingdubai.com
About International Hotel Investments Co.:
International Hotel Investments Co. (IHI) is a publicly traded company listed on the Malta Stock Exchange. It is majority owned by the Corinthia Group which is a joint venture between the Pisani family and the Libyan Foreign Investment Co. IHI is a five star deluxe Hotel Developer and Hotel operator under the Corinthia brand.
www.corinthiacorporate.com
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