New Infrastructure System to Streamline Real Estate Development

TDT | Manama

The Daily Tribune - www.newsofbahrain.com

A new system has been introduced to streamline infrastructure development in key subdivision plans, designed to simplify processes and enhance the real estate sector. This system requires landowners to hire accredited contractors for infrastructure projects and allows them to sell part of their land to finance these developments. Once completed, the infrastructure will be handed over to the government for ongoing management, ensuring its maintenance and promoting greater fairness and transparency in the market.

The Urban Planning and Development Authority, in partnership with the Ministry of Works, the Electricity and Water Authority (EWA), the Survey and Land Registration Bureau (SLRB), and the Real Estate Regulatory Authority, recently held a press conference to unveil this new system.

Eng. Ahmed Abdulaziz Al Khayyat, Chief Executive of the Authority, explained that the system is intended to simplify infrastructure development and improve the real estate sector. Property owners are required to provide infrastructure through accredited contractors and may sell a portion of their land to finance these projects. Upon completion, the infrastructure will be transferred to the government for management, ensuring its long-term upkeep.

Al Khayyat acknowledged the support of His Majesty King Hamad bin Isa Al Khalifa and His Royal Highness Prince Salman bin Hamad Al Khalifa, as well as the supervision of Shaikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister. The system is designed to attract investment and ensure fairness and transparency in the real estate market.

The Authority has conducted workshops to introduce stakeholders to the system and plans to hold more sessions. A procedural guide, created in collaboration with the Ministry of Works, outlines the steps for property owners and includes a list of approved contractors and consultants.