GFH forges real estate links in India

Updated 04 March 2014

GFH forges real estate links in India

Gulf Finance House (GFH), the Bahrain-based Islamic investment bank, has announced the signing of two development agreements for real estate development in India.
The agreements were signed on the sidelines of the Bahrain-India Business Forum in Mumbai, held as part of King Hamad bin Isa Al Khalifa's landmark visit to India.
GFH is one of the largest private sector investors from Bahrain into India. The flagship investment of GFH in India is the Energy City and Mumbai IT & Telecom City (India Project) developments in New Mumbai. The project is carried out on an area of 1,200 acres of land.
The first agreement was signed with Wadhwa Group, one of the leading real estate developers in Mumbai for over four decades and one of the largest holders of commercial assets in Bandra Kurla Complex (BKC), the commercial hub of Mumbai. According to this agreement, GFH and Wadhwa have agreed to the appointment of Hafeez Contractor, claimed to be India's largest architect firm, to be the master planner for the Phase 1 of the India Project, with an expected end sale value of $4 billion.
The second agreement was signed with Adani Infrastructure & Developers, a company owned by Adani Group, a top 10 Indian corporate business house, which is also described as the largest port operator and the largest private sector power producer in India. According to the agreement, GFH and Adani Infrastructure & Developers intend to work together to explore development opportunities in relation to various infrastructure and real estate projects in India. Adani Infrastructure & Developers will be partnering with Asiastar City Holdings to develop the Phase 2 of GFH's India Project.
Hisham Alrayes, CEO of GFH, said: "We're delighted to sign these agreements with two of India's leading business groups. They go some way toward furthering our efforts to move forward with our development strategy and plans for India and our landmark project there."


Bentley marks 100 years at Monterey Car Week

Updated 21 August 2019

Bentley marks 100 years at Monterey Car Week

As part of its centenary celebrations, Bentley hosted a number of events during the Monterey Car Week, from Aug. 15 to 18.

To mark the occasion, two models debuted — the new Flying Spur luxury four-door grand tourer, and the EXP 100 GT: A vision of luxury mobility in 2035.

The third-generation Flying Spur sets new standards of driving enjoyment and luxury, showcasing Bentley’s application of modern technology, while integrating the latest British craftsmanship and innovation features.

The new Flying Spur will be the most advanced luxury grand touring four-door available. 

Alongside its totally new and advanced aluminum and composite chassis, it features optional electronic all-wheel steering — a first for a Bentley, coupled with active all-wheel drive and the Bentley Dynamic Ride active anti-roll system powered by a 48V architecture.

The Flying Spur was put on display on Aug. 16 at the Quail — a motorsports gathering and at the Home of Bentley for the remainder of the weekend.

It was joined by the EXP 100 GT concept car, which made its US debut. With the EXP 100 GT, Bentley has reimagined the idea of grand touring for the future.

The EXP 100 GT is pure Bentley, inspired by the company’s deep understanding of the desires of its forward-thinking customers. It embraces artificial intelligence (AI) as a means to reassert the car as a place for creating, experiencing and capturing extraordinary human experiences and emotions.

It displays the future of luxury craftsmanship with a seamless fusion of materials and the intelligent curation of technology. The vehicle’s battery system will power four motors that deliver superior performance. Projected performance figures include a 0-60 mph time of less than 2.5 seconds, a top speed of 186 mph, and maximum torque of 1,500 Nm.

Ahead of the EXP 100 GT’s Americas debut, Bentley launched a new and dedicated app for Apple devices.

Released on Aug. 12, the “Bentley 100 AR” app uses a printable QR code to provide an augmented reality experience of the EXP 100 GT, allowing users to explore the exterior and interior of the concept car. Users can even interact with a virtual version of the car in full scale, by using the app at selected Bentley retailers.

Bentley was a featured marque at Pebble Beach Concours d’Elegance, where numerous classic models competed in Bentley Centennial classes, including Vintage 4 Cylinder, Vintage 6 Cylinder, Derby and Postwar.