Global Banking Corporation B.S.C. (GBCORP), the Bahrain-based investment bank, on Tuesday announced that it has signed a memorandum of understanding with Asia Development Co. Ltd. (ADCO), Thailand marking GBCORP's premier investment initiative in the Kingdom of Thailand. Ahmed Al Khan, head of Investment Banking at GBCORP, said: “The Memorandum of Understanding provides the framework under which GBCORP and ADCO are able to work together to leverage on investment opportunities in the Kingdom of Thailand.” Highlighting the tremendous market potential, he added that Thailand today stands on the threshold of emerging nations offering investors strategic investment opportunities in key sectors such as; financial markets, energy, medical tourism, infrastructure and real estate development. “GBCORP's investment initiative in Thailand is an integral part of its business strategy of building investment bridges linking the region to global markets. The strategic alliance with ADCO is the first step in developing such an investment bridge linking the Kingdom of Bahrain and the Kingdom of Thailand and leveraging on these opportunities by capitalizing on the strong business and political relationships that exist between both kingdoms” he emphasized. Speaking on the strategic alliance with GBCORP, Thavatvong Thanasumitra, director at ADCO said: “The signing of the MOU with GBCORP is the first step in defining the way forward by identifying the right investment opportunities and enabling GBCORP leverage on these opportunities. ADCO is paving the way for GBCORP to build its investment portfolio in Thailand and take advantage of the synergy between both countries to bridge the investment opportunities that exist in the Far East and the Middle East regions.” “ADCO's professional expertise and network offers GBCORP the right platform for targeted investments in the key sectors providing the right value addition in terms of total project support,” he added. GBCORP is an Islamic investment bank incorporated in the Kingdom of Bahrain. It pursues a dynamic business model, primarily focusing on the core business areas of private equity, real estate and infrastructure development, asset management, advisory services in corporate finance and capital markets and portfolio management services, backed by a management team with a cumulative experience and expertise of more than 30 years in international banking. GBCORP's shareholders are prominent personalities, representing the leading business institutions from within the region and bring a wealth of liquidity and sectoral expertise to the organization. Its strategy is to build on the region's economic outlook, capitalizing on new opportunities to transcend global boundaries and serve as a unique accelerator for investments from within the GCC to MENA, Asia, Europe and North America. __
