Another thought provoking Viewpoint article by Winfred Peppinck, ‘Banks? No thanks!’, (GDN, August 15), regarding local banks creating a fund to finance viable stalled real estate projects in Bahrain.
However, placing the onus of responsibility back onto the original developers to resolve Marina West is akin to putting the inmates in charge of running a lunatic asylum!
My extensive research on Marina West going back to 2004 supports the insinuation that developers engage in multiple projects, sometimes through satellite and holding companies .