Ithmaar Development Company (IDC), a specialised company in the development and management of major development, real estate and other infrastructure projects, and a wholly-owned subsidiary of Ithmaar Group, has appointed Nayef Nasser Alnasser as a Managing Director of IDC, succeeding Mohammed Khalil Alsayed. 

The appointment of Alnasser reflects the company’s commitment to advancing its strategic plans and continuing to efficiently manage the Group’s assets and real-estate development projects, which in return will support the growth and accelerating expansion of the Company’s real-estate portfolio. 

Alnasser has extensive experience and successful record of achievements in the sector, enabling him to effectively lead the company as a Managing Director. His strong track record in managing investments and diversity assets will contribute significantly to IDC’s continued development in line with the Group’s vision and future plans. 

Alnasser will lead the company’s day-to-day operations, support the execution of key projects and introduce new visions and initiatives that will drive the performance of the Company in line with the Group’s long-term objectives. Alnasser will continue his role and responsibilities as Head of Asset and Remedial Management at Ithmaar Bank. 

IDC was established in 2007 to develop and manage major development real estate, including Dilmunia, a 1.25 million sq m manmade island off the coast of Bahrain. – TradeArabia News Service