Complex Made Simple

VC Bank to build resort on The World

Venture Capital Bank, a Bahrain-based Islamic investment bank, is to develop a luxury resort on Nakheel's exclusive project, The World, a company statement said. VC Bank will invest in and develop the island located in the 'Northern Asia' area of the archipelago of 300 islands after being selected as one of the exclusive groups of investors. The company has incorporated World Development Company to develop the project.