Seef Properties BSC (BAX:SEEF) intends to make acquisitions. It is targeting a multi-million dollar expansion into new areas of Bahrain and hopes to double its footprint in the next five years, General Manager Robert Addison told the Gulf Daily News. It is also looking at opportunities throughout the GCC and seeking to diversify into other real estate-linked businesses.

He said: “We are looking at multiple sites and multiple projects. A five-year strategy being implemented will see the company double the size of its business.” He added that the plan includes driving growth through acquisitions, as well as development of existing assets in Bahrain.