Sheikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister, affirmed that Bahrain’s real estate development sector continues to make qualitative leaps in line with the comprehensive developmental journey led by His Majesty King Hamad bin Isa Al Khalifa, the Custodian of the Two Holy Mosques, and the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, enhancing the competitiveness of the national economy and solidifying Bahrain’s position as an attractive investment destination.

He pointed out that the government is progressing in developing the regulatory and legislative framework for the real estate development sector to reinforce governance principles, transparency, and protect stakeholders’ rights, based on balanced urban planning that prioritizes quality of life and keeps pace with the sector’s changes and developments, providing an attractive environment for developers and investors alike.

This came during his visit this morning, accompanied by Eng. Kamal bin Ahmed Mohammed, Chairman of the Electricity and Water Authority; Eng. Wael bin Nasser Al Mubarak, Minister of Municipalities and Agriculture Affairs; Eng. Ibrahim bin Hassan Al Hawaj, Minister of Works; Yasser bin Ibrahim Hamidan, Minister of Electricity and Water Affairs; Amina bint Ahmed Al Rumaithi, Minister of Housing and Urban Planning; Eng. Essam bin Abdullah Khalaf, Chairman of the Real Estate Regulatory Authority; and several senior officials, to Diyar Al Muharraq city at the invitation of Abdul Hakim Yaqoub Al Khayyat, Chairman of Diyar Al Muharraq Company, to review the Al Naseem project on the occasion of the completion of the project’s villa construction.

On this occasion, Sheikh Khalid bin Abdullah Al Khalifa emphasized the importance of public-private partnership as a fixed approach in the economic system, which has proven its ability to stimulate growth and enhance the efficiency of implementing major strategic projects. He noted that the private sector is a genuine partner in the construction and development journey, especially in boosting the contribution of non-oil sectors to the GDP, with real estate development being one of its most important tributaries.

He explained that the stability of the real estate market activity reflects investor confidence and the continued demand for integrated residential projects and their accompanying services, supporting economic diversification goals and providing quality opportunities for work and investment.

During the visit, he inspected the components of the Al Naseem project, praising its qualitative addition to the urban landscape alongside a series of other distinguished projects spread across the Kingdom. He also commended Diyar Al Muharraq city in general as an integrated urban model combining modern housing with various commercial, service, and investment activities, wishing those responsible for these projects continued success in enhancing the pace of real estate development in Bahrain.

For his part, Abdul Hakim Yaqoub Al Khayyat, Chairman of Diyar Al Muharraq Company, expressed his great pride in the Deputy Prime Minister’s visit to the Al Naseem project, praising his continuous interest in the real estate development sector and support for developers to continue achieving positive results that support comprehensive development and bolster the national economy.