September 22, 2016
The Economic Development Board (EDB) organised a roundtable focusing on the real estate sector in Bahrain and explored means of developing the industry further. The session, which featured the participation of officials from the public sector as well as real estate developers, allowed for discussion on ways to continue to have the sector attract investments and increase economic growth for the country.
The session aimed at establishing a collaborative strategy for the sector and reviewing development plans that emphasise transparency and coordination among projects to increase potential sustainability. It also covered identifying strategies which attract investments to the sector and raise the international profile of the Kingdom’s real estate market.
Mr. Khalid Al Rumaihi, Chief Executive of the EDB, commented:
“The EDB aims to unify efforts between the public and private sectors to further build real estate development and highlight its role in economic diversification.”
“This is part of an ongoing effort aimed at developing the sector and highlighting the investment opportunities it offers, which aligns with the EDB’s strategy of focusing on developing five main sectors that offer competitive advantages to the Kingdom.”
Participants were briefed on EDB’s strategy for the sector, specifically in areas of tourism and leisure. The session also featured discussions to enhance joint work between the various parties and identify investment opportunities in the local market. A presentation also provided the audience with knowledge on the upcoming projects by real estate developers in Bahrain, to unify promotion efforts internationally.