A new system has been introduced in Bahrain to streamline infrastructure development in key subdivision plans, with the goal of simplifying processes and enhancing the real estate sector. This system requires landowners to hire accredited contractors for infrastructure projects and allows them to sell part of their land to finance these developments. Once completed, the infrastructure will be handed over to the government for ongoing management, ensuring its maintenance and promoting greater fairness and transparency in the market.
The Urban Planning and Development Authority, in partnership with the Ministry of Works, the Electricity and Water Authority (EWA), the Survey and Land Registration Bureau (SLRB), and the Real Estate Regulatory Authority, recently unveiled this new system at a press conference. Eng. Ahmed Abdulaziz Al Khayyat, Chief Executive of the Authority, explained that the system is intended to simplify infrastructure development and improve the real estate sector by requiring property owners to provide infrastructure through accredited contractors and allowing them to sell a portion of their land to finance these projects. Once completed, the infrastructure will be transferred to the government for management, ensuring its long-term upkeep.
Al Khayyat expressed gratitude for the support of His Majesty King Hamad bin Isa Al Khalifa, His Royal Highness Prince Salman bin Hamad Al Khalifa, and the supervision of Shaikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister. The system is designed to attract investment and ensure fairness and transparency in the real estate market. The Authority has conducted workshops to introduce stakeholders to the system and plans to hold more sessions in the future. A procedural guide, created in collaboration with the Ministry of Works, outlines the steps for property owners and includes a list of approved contractors and consultants.
By requiring property owners to hire accredited contractors for infrastructure projects and allowing them to sell part of their land to finance these developments, the new system in Bahrain aims to streamline infrastructure development in key subdivision plans and enhance the real estate sector. Once the infrastructure is completed, it will be handed over to the government for ongoing management, ensuring its maintenance and promoting greater fairness and transparency in the market. This system, introduced by the Urban Planning and Development Authority in partnership with various government entities, is intended to simplify processes and attract investment to the real estate sector.
Eng. Ahmed Abdulaziz Al Khayyat, Chief Executive of the Authority, explained that the system is part of efforts to improve infrastructure development and the real estate sector in Bahrain. The support of His Majesty King Hamad bin Isa Al Khalifa, His Royal Highness Prince Salman bin Hamad Al Khalifa, and Shaikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister, has been crucial in the implementation of this system. Workshops have been conducted to introduce stakeholders to the new system, and plans are underway to hold more sessions in the future. A procedural guide, created in collaboration with the Ministry of Works, outlines the steps for property owners and provides a list of approved contractors and consultants for their infrastructure projects.
The new system in Bahrain, introduced to streamline infrastructure development in key subdivision plans, is a step towards simplifying processes and improving the real estate sector. With property owners required to hire accredited contractors for infrastructure projects and allowed to sell part of their land to finance these developments, the system aims to ensure the long-term upkeep of the infrastructure by transferring it to the government for ongoing management. The goal is to promote fairness and transparency in the market, attract investment, and create a more efficient and effective development process in Bahrain’s real estate sector.
