Construction & Real Estate
From The Report: Bahrain 2018
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While 2017 saw the construction sector’s rapid growth slow somewhat, Bahrain has an impressive pipeline of projects lined up for the next few years. A strong focus on transportation and industrial infrastructure, as well as the construction of tens of thousands of affordable housing units, is expected to be among the key drivers of growth for the sector in the near future, with much of this coming from government-backed projects tied to Bahrain’s Economic Vision. Strong real estate growth continues with a number of residential, commercial and hospitality developments coming on-line in 2017 and 2018. However, rental prices have not been immune to the ongoing regional challenges, notably lower oil prices, with rents dropping in 2017 for residential real estate, and remaining subdued for the office sector. Despite this, the overall volume of real estate transactions has grown, with strong demand from locals and residents from countries in the region.

This chapter contains an interview with Mohammed Khalil Alsayed, CEO, Ithmaar Development Company.

Articles from this Chapter

Overview

Scaled up: A number of major infrastructure and development projects have helped the sector continue to grow
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While 2017 saw the construction sector’s rapid growth slow somewhat, Bahrain has an impressive pipeline of construction projects lined up for the next few years. A strong focus on transportation and industrial infrastructure, as well as the construction of tens of thousands of affordable housing units, is expected to be among the key drivers of growth for the sector in the near future, with much of this coming from government-backed projects tied to Bahrain’s Economic Vision 2030 and…

Interview

Remodelled approach: Mohammed Khalil Alsayed, CEO, Ithmaar Development Company, on recent reforms and evolving market trends
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Interview:Mohammed Khalil Alsayed In what ways is Bahrain’s new real estate law likely to impact investment inflows? MOHAMMED KHALIL ALSAYED: Overall growth in the real estate sector was strong in 2017, and the sector continues to be one of the primary contributors to GDP in Bahrain, with a number of sizeable developments under way. Additionally, increased levels of market regulation brought about by the new law should help to ease some of the challenges facing the sector. Over the past…

Analysis

Mixing it up: Waterfront and mixed-use developments coming on-line are set to add to the high-end commercial and residential segments
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Bahrain has seen a boom in mixed-use and waterfront developments, with a number of major projects currently under construction that will add significantly to the high-end residential and commercial real estate landscape, not to mention expand the available hotel and tourism-related infrastructure that could be influential in helping grow the kingdom as a tourist destination. In September 2017 Bahrain showcased over $11bn of mixed-use real estate projects at the Cityscape Global property event…

Overview

Room to grow: Several major land reclamation projects drive the sector forward
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Strong real estate growth continues in Bahrain, with a number of residential, commercial and hospitality developments coming on-line in 2017 and 2018. However, rental prices have not been immune to the ongoing regional challenges, notably lower oil prices, with rents dropping in 2017 for residential real estate, and remaining subdued for the office sector. Despite this, the overall volume of real estate transactions has grown, with strong demand from locals and residents from countries in…