Two new investment opportunities listed on Bahrain's Government Land Investment Platform

TDT | Manama    

The Daily Tribune – www.newsofbahrain.com

The government is keen to continue strengthening cooperation with the private sector and involving it in providing various services by offering more promising opportunities for investors and developers through the Government Land Investment Platform, within the framework of enhancing transparency and attracting more qualitative investments, to achieve comprehensive development goals.

This was emphasised by Maryam Adnan Al Ansari, Assistant Undersecretary of Projects at Prime Minister’s Office, Chairperson of the Government Land Investment Committee.

Al Ansari indicated that, within the framework of the integrated efforts of various government agencies to develop the mechanism and governance of procedures related to government-owned property in an optimal manner, investment opportunities are presented periodically on the Government Land Investment Platform.

In this regard, she unveiled that two investment opportunities in the Capital and Muharraq governorates have been made available on the Platform.

The first plot, covering 11,281 square metres, is located in the Seef District.

It is a commercial investment to implement the second phase of the Seef Downtown Project.

Bidding is open until January 17, 2024. As to the second, it is a plot located in Arad devoted to building a private school on an area of 12,451 square metres. Bidding is open until January 21, 2024.

Bidding

Al Ansari added that bidding on the listed plots can be made by visiting the website of the Government Land Investment Platform (investmentland.gov. bh) to view the details of the plots to be invested in, noting that those wishing to invest in lands listed can submit their bids through public auctioning.

The Government Land Investment Platform is within the programmes of the Economic Recovery Plan and falls under the priority of “facilitating commercial procedures and increasing their effectiveness”.

It aims to make an inventory of the government-owned lands available for investment and display them in one platform while specifying the objectives and type of investment required for each of the lands offered.

The aim is to ensure the implementation of projects that serve the citizens and residents in various regions of the Kingdom of Bahrain, as well as contribute to spurring investment and boosting the real estate sector.