Bahrain is inviting private investors to develop government-owned land, spanning more than 230,000 sq m, and also provide the required services. Currently, 17 projects are available, providing these investors an opportunity to partner with Bahrain Real Estate Investment Company (Edamah).
Unveiling the Government Land Investment Platform, Minister of Works, Municipalities Affairs, and Urban Planning Essam bin Abdulla Khalaf said it will play a big role in strengthening partnerships between the public and private sectors and promoting transparency.
The minister said the platform was one of the initiatives in the Economic Recovery Plan launched in October 2021, which comprised five priorities including simplifying and increasing the efficiency of commercial procedures. The new platform will showcase government lands available for investment in a transparent and innovative manner, he stated.
According to Khalaf, the first batch of 17 government plots, spanning a total area of 230,814 sq m, have already been listed on the platform, and are available for investment. Seven are owned by the Ministry of Works, Municipality Affairs and Urban Planning, spanning an area of 52,785.7 sq m, three are owned by the Ministry of Finance and National Economy, with a total area of 151,693.5 sq m, while the remaining seven are owned by Edamah and cover an area of 26,335 sq m.
Real Estate Regulatory Authority CEO Shaikh Mohammed bin Khalifa Al Khalifa, pointed out that the new platform will aid in the implementation of the National Real Estate Plan (2021-2024).
He further added that the platform will facilitate real estate investment by listing available government plots with details of the investment opportunities they present.
For her part, the Undersecretary for National Economy at the Ministry of Finance and National Economy, Amna Ahmed Al Romaihi said the launch of the Government Land Investment Platform was a milestone in the government’s efforts to find innovative solutions to facilitate investments by the private sector.
Al Romaihi explained that the details of the listed plots will be readily available and accessible online at (investmentlands.gov.bh) and that public auctions will be held through the Bahrain Tender Board, which has been linked to the new platform, to ensure fair and transparent procedures, she stated.