Interview: Amin Alarrayed, CEO, Naseej How are international real estate trends being localised to suit Bahrain’s market conditions? AMIN ALARRAYED: The resurgence in the real estate market, demonstrated by a significant uptick in transactions in 2023, is indicative of a robust recovery and growing investor confidence. This recovery is not only a bounce back from previous market lulls, such as…
Interview: Amna bint Ahmed Al Romaihi, Minister of Housing and Urban Planning In which ways does Bahrain’s real estate strategy support sustainable urban development? AMNA BINT AHMED AL ROMAIHI: Bahrain, through the Higher Urban Planning Committee, is advancing urban planning and ensuring sustainable development to align with its comprehensive roadmap. The kingdom’s urban planning goals, in line…
Interview: Sheikh Mohammed bin Khalifa Al Khalifa, former CEO, Real Estate Regulatory Authority To what extent are sustainable building practices being integrated into national policies? SHEIKH MOHAMMED BIN KHALIFA AL KHALIFA: The government is actively implementing sustainable building practices and global sustainability standards. Collaboration between RERA, the Ministry of Sustainable Development,…
With new high-end villas and apartments coming on the market, filling them has been a challenge for Bahrain’s realtors, as the Gulf’s luxury segment is highly competitive. However, the kingdom’s new regulations regarding eligibility for long-term residency for foreign nationals are expected to boost Bahrain’s appeal to potential investors. In June 2023 the government issued an edict announcing…
With temperatures in cities set to rise in the coming decades, many public and private players in emerging markets are looking to tackle the challenge of extreme heat through technology, sustainable building techniques and the expansion of urban green spaces. Heat Consequences The Covid-19 pandemic helped spur the growth of smart cities, with governments tapping into data-collection infrastructure…
Bahrain’s construction and real estate sectors have become a major focus in the kingdom’s drive to diversify its economy. The industries are bouncing back strongly from a number of challenges in recent years, including the Covid-19 pandemic-related slowdown, supply chain disruptions and cost volatility. Global conflict and uncertainties have also affected the market, while inflation and higher…
Bahrain’s construction and real estate sectors are key to the kingdom’s economic diversification. After overcoming challenges including the Covid-19 pandemic, supply chain issues and cost volatility, these industries are rebounding strongly. While inflation and high interest rates have impacted demand, the outlook remains positive with a robust pipeline of projects under way. The real estate sector…
Bahrain has seen its economy expand through diversification efforts, with a focus on finance, industry and technology. Projects in infrastructure, digital transformation and tourism aim to drive growth and attract foreign investment. The kingdom is committed to sustainability, targeting a 30% reduction in carbon emissions by 2035. The financial sector is a key contributor with innovation in financ
Saudi Arabia, the region’s largest economy, is progressing towards diversification under Vision 2030. The digital economy is a standout performer, contributing 14% of GDP, while government-led giga-projects open long-term opportunities across various sectors. Despite a dip in oil activities that reduced the current account surplus to 3.2% in 2023, tourism income surged by 38%, boosting the servi
Located in East Kalimantan on the resource-rich island of Borneo, Nusantara has been designated as the new administrative capital of Indonesia. The plan – first announced in August 2019 – was ratified in January 2022 when the House of Representatives approved the new national capital city (IKN) Law, providing the legal basis for the capital’s relocation. The new city, which will span approximately…
