17 plots available in Bahrain through land investment platform
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
The newly launched ‘investmentlands.gov.bh’ virtual platform now has 17 government plots available for the private sector to invest in Bahrain. The first batch of government plots available has a total area of 230,814.20 square meters.
In a report yesterday, The Daily Tribune had announced the launch of the new platform for the private sector to invest in government lands. Of the 17 plots, Works Ministry owns seven, spanning an area of 52,785.70 square meters, the Ministry of Finance and National Economy owns three with a total area of 151,693.50 square meters, and Edama owns the remaining seven with an area of 26,335 square meters.
Public auctions of the plots will be through the Bahrain Tender Board. The Minister of Works, Municipalities Affairs, and Urban Planning, Essam bin Abdulla Khalaf, said the new “Land Investment Platform” will play a key role in strengthening public and private sector partnerships and promoting transparency.
The platform, the minister added, is one of the initiatives of the Economic Recovery Plan launched in October 2021.
The Chief Executive Officer of the Real Estate Regulatory Authority (RERA), Shaikh Mohammed bin Khalifa Al Khalifa, the Undersecretary for National Economy at the Ministry of Finance and National Economy, Amna Ahmed Al Romaihi, Bahrain Real Estate Investment Company’s (Edama) CEO, Amin Al-Arrayedh, and the CE of the Economic Development Board (EDB), Khalid Humaidan, were present.
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