Abu Dhabi Investment House appoints Chairman of Porta Reef Real Estate Project

Mr. Al Jowder, will be responsible for leading the executive team in charge of the development and driving the project to successful delivery against targets. He joined ADIH early 2006 and currently holds the position of Regional Director - Investment Placement, UAE and Oman. Al Jowder joins the Porta Reef project with extensive real estate development experience from across the Middle East and joins the project at a time when the project is enjoying a high level of interest and demand from investors.

Rashad Janahi, Chief Executive Officer, ADIH said of the appointment, "We are delighted to announce the appointment of Fawaz Al Jowdar as Chairman of Porta Reef. His knowledge of Bahrain's market and wealth of development expertise will enable the management team to realize our vision for this exclusive Porta Reef development. He has been a key player since the inception of the ADIH in 2005 and has been instrumental in developing a number of key projects within the region.

In previous roles Al Jowder contributed to establishing the Consumer Finance Department and the Investment Placement Department of the Kuwait Finance House (KFH), Bahrain. He was one of five employees recognised by KFH Bahrain as a top employee for the year 2005.

Mr Al Jowder holds a bachelor of science degree with a major in Business Administration from The Citadel, The Military College of South Carolina, He also holds a Diploma in Supervision Skills for Management from the University of Bahrain.

Porta Reef is part of the most recent real estate projects of ADIH. Strategically located in the heart of Manama, this prestigious project with the unique water front consists of three buildings located on the exclusive and luxurious Reef Island in the Seef Area and aims to attract Bahrain's high net worth individuals and GCC families who are looking for a luxurious second home. The US$1.25 billion freehold development project will cover an area of 579,000 square meters. It is a joint venture between the Bahrain Government and Mouawad Group for Real Estate Development Company.