EDB to showcase projects worth $11b at Dubai expo

Manama : Over $11 billion of mixed-use real estate projects will be showcased at the Bahrain Pavilion at Cityscape Global to be held from September 11 to September 13 at Dubai World Trade Centre, Khalid Al Rumaihi, Chief Executive of Bahrain EDB said yesterday. 

The expo will feature Bahrain EDB as well as the five major developers - Bahrain Bay, a $2.5 billion waterfront district; Diyar Al Muharraq, a progressive urban development including the iconic Dragon City; Durrat Al Bahrain, a hallmark island city; Canal View, canal-side living at its finest in the heart of Dilmunia and Bahrain Marina, a trendy waterfront development in the heart of Manama.

“Recent figures demonstrate the resilience of Bahrain’s real estate sector and highlight the increasing demand for housing, not only in the Kingdom but across the wider region. Strong growth in this sector has been supported by the implementation of economic and legislative reform and forward-thinking policies such as the public private partnership model by the Ministry of Housing and the recently issued Real Estate law,” said Al Rumaihi.

 “Cityscape Global is an excellent platform for developers to showcase their world-class projects to interested investors and we think Bahrain has great developments to offer and are pleased to be taking part for the third year in a row,” he said, commenting on the opportunity for real estate investors in Bahrain and on the participation at Cityscape Global 2017 in Dubai.

Bahrain has a pipeline of large-scale infrastructure projects across a wide range of sectors valued at $32 billion, which will support growth within the real estate market and help maintain robust economic growth throughout the Kingdom. In addition to developing the necessary hard infrastructure, Bahrain is implementing soft infrastructure such as smart legislation, enabling investors to realise value from their capital.  

A new regulation has also been developed in consultation with the private sector to specifically support growth in the Kingdom’s real estate sector.