Bahrain is planning to set up a new entity that will provide information about the property market in kingdom, said a report.
It will provide real estate statistics and information and supply investors and developers with accurate data which will enable them to take adequate decisions, reported BNA.
The project was unveiled during the regular meeting of Real Estate Regulatory Authority (Rera) held under the leadership of Survey and Land Registration Bureau (SLRB) President and Rera Chairman Shaikh Salman bin Abdulla bin Hamad Al Khalifa.
The planned unit would provide useful information for businessmen and developers as part of efforts to encourage investments and pump capitals in the real estate sector, a key pillar of the national economy, said Shaikh Salman.
During the meeting, Rera officials discussed ways to boost the real estate sector to achieve competitiveness and sustainability, in line with the royal directives of His Majesty King Hamad bin Isa Al-Khalifa.
The meeting lauded the policies of HRH Prime Minister Prime Minister Prince Khalifa bin Salman Al-Khalifa to apply modern procedures and and enhance administrative performance, said the BNA report.
It also paid tribute to HRH Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, it added.
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