Kingdom welcomes Malaysia’s interest in construction sector

Bahrain has welcomed Malaysia’s strong interest in the island country’s construction industry, the Malaysia External Trade Development Corporation (MATRADE) said, The Nation reported. According to the newspaper, this was attested by Housing Minister Bassim Alhamer during MATRADE’s Export Acceleration Mission for the Services Sector to the kingdom.

“Mr Alhamer looks forward to forging a partnership with Malaysia by fostering closer engagement between the government of both countries.” He also invited Malaysian companies to form partnerships with Bahraini developers to undertake government-related projects, especially public housing in the kingdom, MATRADE, the national trade promotion agency said in a statement Thursday. The mission was led by MATRADE Deputy Chief Executive Officer Wan Latiff Wan Musa.

According to MATRADE, Bahrain’s construction industry has a strong focus on transportation and industrial infrastructure, as well as the construction of tens of thousands of affordable housing units. “These developments are expected to be among the key drivers of growth for the sector in the near future, with much of this coming from government-backed projects,” it said. MATRADE said Bahrain’s strong real estate growth continued with a number of residential, commercial and hospitality developments coming on stream into the new year 2019 and onwards.