American Foreign Institution for Real Estate (AFIRE) chose International Real estate Department Manager at Kuwait Finance House (KFH) Ali Al-Ghannam as a member of its board for the third consecutive year, where he will represent the Middle East region through KFH. This step comes to recognize KFH’s long experience in local and global real estate investment and development projects. AFIRE is keen to hold periodical meetings to deliberate issues related to real estate development and updates in the real estate markets worldwide. It is worth noting that the organization includes elite experts in that field.

Meanwhile, Al-Ghannam stated that KFH is one of the leading banks in the international real estate in Kuwait and globally, since it has extensive experience and has been considered to be one of the well-known investors in the American market for the past 17 years. This is evident by the numerous unique real estate portfolios and funds that KFH established. He went on to say that KFH constantly seeks investment opportunities in the global real estate field, in addition to establishing a network of economic relationships that can cement KFH’s role in that field. It is beyond doubt that KFH’s membership in the organization will support the bank’s efforts. It is worth noting that KFH announced that it had signed a partnership agreement with Grosvenor to invest $600 million in health care centers in the United States. The agreement stipulates acquiring profitable real estate in that field that maintains steady cash flow, despite financial crisis.