Deputy Prime Minister meets real estate developers, investors

Manama : Deputy Prime Minister Shaikh Khalid bin Abdullah Al Khalifa held a meeting with Works, Municipalities Affairs and Urban Planning Minister Essam Khalaf, real estate developers and officials yesterday. 

The meeting was held to inform them about the mechanism of levying the cost of infrastructure development in the urban areas.

The sustainability of the infrastructure will not be achieved unless the cost of construction is levied by investors, Shaikh Khalid told the visitors.

He said the government since the establishment of Bahrain has worked for providing high quality infrastructure considering the current and future needs.

He said a resolution was passed by the Minister of Works, Municipalities Affairs and Urban Planning on June 4 to enforce the provisions of Law Decree 25/2017 for levying the cost of infrastructure development in urban areas, one of the legal requirements for activation of the Law Decree which gained the approval of the bicameral legislature.

The deputy PM said many countries preceded Bahrain in the enforcement of the levying the cost of infrastructure development. 

The meeting was attended by Undersecretary of the Ministry of Transportation for Land Transport and the Posts, Chairman of the Evaluation Committee for Cost of Infrastructures, Mariam Ahmed Jamaan, and several officials from the office of deputy Prime Minister, the Ministry of Works, Municipalities Affairs and Urban Planning, representatives of the Bahrain Property Development Society, Bahrain Real Estate Society, Engineering Offices Society, and Bahrain Chamber of Commerce and Industry property sector committee.