Ansal Buildwell on Wednesday announced a tie up with Bahrain-based VKl Holdings under which the two firms would invest $100 million each to develop housing and infrastructure projects in India and Bahrain.
Ansal Buildwell signedmemorandum of understanding (MoU) with VKl Holdings and group firm Al Namal to explore opportunities of investment in India and Bahrain. The MoU would focus on joint development in realty and infrastructure sectors. "Developers from India have not gone to Bahrain. We are joining hands with VKl Holdings to invest there," Ansal Buildwell Chairman Gopal Ansal told reporters here.