Manama, April 7 (BNA) The Minister of Works, Municipalities Affairs and Urban Planning, His Excellency Essam bin Abdullah Khalaf, pointed out the role that the government land investment platform will play in strengthening the partnership between the public and private sectors and enhancing transparency. .
Speaking at a press conference on Wednesday, the minister introduced the new platform; One of the economic recovery plan initiatives launched in October 2021, which included five priorities including simplifying and increasing the efficiency of trade procedures. The new platform will display government lands available for investment in a transparent and innovative manner.
Minister Khalaf indicated that the first batch of 17 government plots available for investment was listed on the platform with a total area of 230,814.20 square meters.
The CEO of the Real Estate Regulatory Agency, His Excellency Sheikh Mohammed bin Khalifa Al Khalifa, confirmed that the platform will help implement the National Real Estate Plan (2021-2024). His Excellency explained that the platform will facilitate real estate investment by listing available government land plots with details of the investment opportunities it offers.
For her part, the Undersecretary for National Economy at the Ministry of Finance and National Economy, Amna Ahmed Al-Rumaihi, indicated that the launch of the government land investment platform is a milestone in the government’s work to find innovative solutions to facilitate private sector investments. section. Al-Rumaihi explained that the details of the listed plots of land will be readily available and accessible online at (investmentlands.gov.bh) and that the public auctions will be held through the Bahrain Tender Board, which has been linked to the new platform, to ensure fair and transparent procedures.
The CEO of Bahrain Real Estate Investment Company (Edamah) Amin Al-Arayedh confirmed that the launch of the platform reflects the government’s interest in developing the real estate sector and attracting investment. For his part, Chief Executive Officer of the Economic Development Board Khaled Humaidan confirmed that the government is working closely with the private sector to enhance investment opportunities. He stated that the government land investment platform will push forward development by achieving more economic growth.
There are currently 17 plots of land available for investment on the government land investment platform through auctions. Seven of them are owned by the Ministry of Works, Municipal Affairs and Urban Planning, and extend over an area of 52,785.70 square meters, and three are owned by the Ministry of Finance and National Economy, with a total area of 151,693.50 square meters, while the remaining seven are owned by them. Edamah Road covers an area of 26,335 square meters.
For more information about government lands available for investment, please visit investmentland.gov.bh.
M