Government committed to the growth of real estate sector: PM

Manama : The government is fully committed to driving the growth of realty sector by ensuring a business-friendly environment capable of pushing the sector to a higher growth trajectory, said His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa yesterday. 

Bahrain, HRH the Premier said, has put in place suitable atmosphere as well as “legislative and technical infrastructure” to support investors in the real estate sector. His Royal Highness further stressed that “development projects are being implemented in the Kingdom in accordance with a well-thought-out vision, thanks to a highly motivated private sector.” 

This came as HRH the Premier was opening the Gulf Construction Expo (GC Expo 2018), the Gulf Property Show 2018 and the Gulf Interiors 2018, HRH the Premier, at the Bahrain International Exhibition and Convention Centre. 

Bahrain, the Prime Minister said, has maintained its leading position in the sector by providing required guarantees and protection for investors. “This has been greatly helpful in attracting foreign investors to the country,” HRH Premier stressed. 

Following the opening ceremony, the Premier was taken on a tour of the expo, where he was informed about various products. 

Prince Khalifa expressed his admiration of the exhibits and affirmed that the construction and real estate sector is witnessing continuous progress. 

The Premier also lauded the role played by the private sector and real estate developers in supporting development saying, “The current boom in the real estate projects provides more opportunities to carry on the sustainable development march.”