A new streamlined system has been introduced in Bahrain to improve infrastructure development in key subdivision plans and enhance the real estate sector. This system requires property owners to hire accredited contractors for infrastructure projects and allows them to sell part of their land to finance these developments. Once the infrastructure is completed, it will be handed over to the government for ongoing management, ensuring its maintenance and promoting fairness and transparency in the market.
The Urban Planning and Development Authority, in collaboration with various government entities such as the Ministry of Works, the Electricity and Water Authority, the Survey and Land Registration Bureau, and the Real Estate Regulatory Authority, recently introduced this new system. Eng. Ahmed Abdulaziz Al Khayyat, Chief Executive of the Authority, explained that the goal is 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 fund these projects. The infrastructure will then be transferred to the government for long-term maintenance.
The system has received support from 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 aimed at attracting investment and ensuring fairness and transparency in the real estate market. Workshops have been conducted to introduce stakeholders to the new system, and more sessions are planned. A procedural guide, created in collaboration with the Ministry of Works, has been developed to outline the steps for property owners and includes a list of approved contractors and consultants.
Overall, this new system in Bahrain is designed to streamline infrastructure development in key subdivision plans, simplify processes, and enhance the real estate sector. 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 system aims to promote fairness and transparency in the market. With the infrastructure being handed over to the government for ongoing management, this system ensures the long-term upkeep of the developments and attracts investment to the real estate sector. Stakeholders have been introduced to the system through workshops, and a procedural guide has been created to support property owners in navigating the process.
