The Manama Souq Development Committee has recently completed its assessment of damages to shops affected by a fire that broke out in the market on June 12, 2024. With 57 shops documented and estimated total losses exceeding BD1.5 million, the committee is working to contact property owners and those affected, despite complications due to the involvement of numerous heirs for some properties and around 30 shops being rented out.
In response to the situation, the committee has recommended providing facilities for shop owners and landlords affected by the fire, including soft loans for reconstruction or long-term investments in properties by official entities. These measures are aimed at stimulating economic activity in the Manama Souq and ensuring its revitalization. The committee is hopeful that higher authorities will issue instructions to get the affected shops back in business soon.
Despite the incident, the Souq continues to attract customers due to the products and services on offer. The Souq holds a unique position in the market, and efforts are needed to restore its appeal. MP Ahmed Qarata has been instrumental in following up on the needs of the shop owners and working with all parties involved to reach a fair and satisfactory compensation for the affected business owners. The committee’s recommendations are focused on addressing the challenges faced by the Manama Souq to ensure its continued success and preservation of its cultural heritage.
The overall goal of the Manama Souq Development Committee is to assist shop owners and landlords affected by the fire by providing them with facilities such as soft loans for reconstruction or long-term property investments by official entities. These measures are designed to stimulate economic activity within the Souq and help revitalize the market. Despite the challenges involved in contacting property owners and heirs, the committee remains optimistic that higher authorities will intervene to protect the interests of the affected shop owners and get them back in business soon. With the continued support of MP Ahmed Qarata, efforts are ongoing to address the needs of the shop owners and ensure fair compensation for their losses.
The Manama Souq has endured the recent fire incident and continues to attract customers due to its unique offerings and services. Efforts are being made to restore the appeal of the Souq and preserve its cultural heritage. The committee’s recommendations are focused on addressing the challenges faced by the market and ensuring its continued success. With the support of MP Ahmed Qarata, the committee is working with all parties involved to reach a satisfactory resolution for the affected shop owners and landlords. By implementing the recommended measures, the committee aims to revitalize the Manama Souq and support its long-term success.
