The bank that (BCCI) wants to establish also aims at supporting land reclamation, and the mechanism of developing real estate in Kingdom of Bahrain, as well as presenting real estate studies for the government in accordance with the regions’ needs, financing infrastructure projects, and funding private real estate projects for citizens.
Hassan Kamal added that the establishment of the bank will have a positive effect on the local economy, and at the same time he congratulated the Head of Survey and Land Registration Bureau, Shaikh Salman Bin Abdullah Bin Hamad Al Khalifa, on the occasion of recently moving to the new building.
During the meeting of the Real Estate Sector’s Committee at (BCCI), which was held lately at the headquarters of Bait Al-Tojar, the reasons of delaying the submission of the Real Estate Brokerage Act were discussed. This Act will contribute in revitalizing real estate development’s process in Kingdom of Bahrain as an investment tool, and protection for investors in such process, in addition to the importance of participating the personnel in the real estate sector during the next phase in the future projects, as well as enacting laws and real estate regulations.
The meeting also discussed the importance of the continuity of the committee in its field visits to the government and official parties to develop such vital sector, and revitalize the national economy; particularly the real estate sector is considered one of the active and main sectors in Bahrain Economic Vision 2030.
The meeting was attended by Chairman of Real Estate Sector’s Committee at Bahrain Chamber of Commerce and Industry (BCCI), and member of the Board of Directors, Hassan Kamal, Deputy Chairman Saad Al-Sehli, and the members: Nasser Al-Ahli, Ismaeel Abdul Rasoul, As’ad Al-Saadoon, Mohammed Al-Bin-Falah, Abdullah Al-Dousari, the observer member Saleh Faqihi, the real estate investor Mashhoor Al-Anzi, along with officials at the Chamber.