Gulf Holding Company (GHC), the Kuwait-based regional real estate company announced that it is further strengthening its senior management team by appointing Laith Yousif Al Memar as Chief Development Officer.
In this new role, Mr. Al Memar will oversee GHC’s real estate projects across the region, including the delivery of the US$700 million luxury mixed-use residential Villamar project in the Bahrain Financial Harbour.
Mr. Majed Al Khan, CEO of Gulf Holding Company, said: “We are delighted to welcome Mr. Al Memar to Gulf Holding’s senior management team. With his extensive knowledge and rich experience, he will play an important role in our real estate projects across the region. As Mr. Al Memar takes a leadership role in our flagship Villamar project, we are confident of delivering this landmark development at the earliest.”
“With the restructuring and reactivation of key projects such as Villamar, Gulf Holding has reaffirmed its commitment to its investors and shareholders. Attracting high calibre professionals like Mr. Al Memar is a further testimony of our absolute focus towards the delivery of our real estate projects. I look forward to working closely with him and taking Gulf Holding to the next level,” he added.
Mr. Al Memar has over 30 years of commercial and residential real estate experience, which includes structuring investments, fund management, logistics, property management and executing new property developments. Prior to joining Gulf Holding, he was the CEO of Al Khaleej Development Co (Tameer) from 2009 until 2015. He was also a board member of several companies, including Bahrain Investment Wharf, Tamcon Contracting Company, Tala Island Development and Durrat Marina Bahrain.
Mr. Al Memar holds a BSc degree in Architecture from the University of Technology in Baghdad, and is a member of various professional bodies including the Bahrain Society of Engineers, Project Management Institute and the MENA Real Estate Society.
Laith Al Memar’s appointment is yet another senior management position announced by Gulf Holding Company this year. Earlier in September, the company announced a new leadership when it named Mr. Majed Al Khan as the new CEO. Since then, Mr. Al Khan has embarked upon the process of restructuring the company, reactivating flagship projects like Villamar, and bringing in valuable talent like Mr. Al Memar to re-establish GHC as key regional real estate company.