deputy premier opens bipex 2017
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Deputy premier opens BIPEX 2017

Arab Today, arab today

Arab Today, arab today Deputy premier opens BIPEX 2017

Shaikh Khalid bin Abdulla Al Khalifa opens BIPEX 2017.
Manama - Arab Today

Deputy Premier and Chairman of the Ministerial Committee for Urbanisation and Infrastructure, Shaikh Khalid bin Abdulla Al Khalifa, has asserted that Bahrain’s national expertise in the real estate field had reached its highest maturity levels following His Majesty King Hamad bin Isa Al Khalifa’s ratification and issuance of the Real Estate Regulatory Law in July 2017.

Shaikh Khalid added that the national expertise that had contributed to the issuance of the new real estate law was the fruitful outcome of the investors’ confidence in the local real estate market’s stability, robust legislative guarantees that protect the interests of all stakeholders, as well as ability to address all problems facing the sector by the force of the law.
He also asserted that the accumulated experience gained by the real estate sector’s affiliates had contributed to the new law, and strengthened Bahrain’s regional leadership in the sector.
The deputy premier was speaking while opening the 10th Bahrain International Property Exhibition (BIPEX 2017), held at the Bahrain International Exhibition and Convention Centre.
Speaker of the Council of Representatives, Ahmed bin Ibrahim Al-Mulla, ministers, diplomatic corps, senior state officials and guests attended the opening ceremony.
Shaikh Khalid said that real estate developed and all those related to the real estate sector should rectify their situation in accordance with the provisions of the new law which will take effect in March, 2018, noting that the law will bring about a giant leap in the sector which contributed to the country’s GDP by about five per cent last year.
The deputy premier extended deepest thanks and gratitude to His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa for the Cabinet’s approval to refer the bill to the Legislative Branch which passed it.
He also paid tribute to His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, for his constant interest in and follow-up on the law which he had introduced and praised its economic importance during the Government Forum.
The deputy premier went on to say that BIPEX 2017 is held amid the positive atmosphere prevailing in the kingdom’s real estate sector, citing the Cabinet’s endorsement of a draft-decree to establish a Real Estate Regulatory Authority (RERA), which will aim to develop the real estate sector in the Kingdom and enhance the investment environment in accordance with the provisions of the Real Estate Regulatory Law, as well as the progress made in addressing the situation of stalled projects, and the stability of the investment building permits issuance growth, among others.
Such positive developments will contribute to boosting the real estate sector, and pave the way for launching new investment projects.
He also hailed the success of the existing partnership between the public and private sectors, especially in the "Mazaya" programme, previously known as the financing of social housing.
Shaikh Khalid highlighted the key role played by BIPEX in developing the local real estate market, extending thanks and appreciation to the event’s sponsors, exhibitors, visitors and organisers, the Bahrain Society of Engineers, for the tremendous efforts they had exerted to ensure the success of the prestigious event.
Organised by the Bahrain Society of Engineers, BIPEX is an annual event that brings together major Bahraini real estate companies to highlight projects for investors and visitors.
It is a perfect stage for investors, builders and buyers to discuss the difficulties facing the industry. It also provides analysis that result in timely solutions and suggestions for a more profitable future.

Source: BNA

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

deputy premier opens bipex 2017 deputy premier opens bipex 2017

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

deputy premier opens bipex 2017 deputy premier opens bipex 2017

 



GMT 09:51 2017 Sunday ,19 February

Belgium train derailment: One dead and many injured

GMT 23:10 2018 Sunday ,21 January

Air Arabia adds Izmir to Turkey network

GMT 12:42 2016 Wednesday ,10 August

Champs Leicester face renewed challenge

GMT 02:03 2018 Wednesday ,24 January

Masdar, DoT sign MoU

GMT 03:38 2017 Thursday ,28 December

says refs missed three late Durant fouls, one by LeBron

GMT 11:18 2017 Wednesday ,15 February

Reveals plan to get out of financial crisis

GMT 02:13 2017 Wednesday ,04 January

Aerial Attacks Kill 13 Daesh Militants in Iraq

GMT 01:39 2017 Wednesday ,11 January

Mauritanian President Partially Reshuffles Cabinet

GMT 22:11 2017 Saturday ,09 December

HRH Crown Prince meets Lockheed Martin delegation

GMT 12:00 2017 Saturday ,01 April

Philippines' Pacquiao eyes July 2 Horn fight

GMT 05:39 2016 Wednesday ,21 September

Flood destroys at least 4,000 houses in Nigeria

GMT 23:09 2017 Wednesday ,06 December

Mubadala set to reinvent Industry 4.0

GMT 21:36 2016 Wednesday ,01 June

March 20 - April 19

GMT 14:53 2017 Monday ,04 December

NATO chief hails Tillerson role on N.Korea

GMT 05:58 2017 Wednesday ,16 August

Ban Ki-moon Calls on All Egyptians to Stand United
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday