Construction & Real Estate

The construction and real estate sectors are important contributors to Bahrain’s GDP, yet in the years preceding the pandemic both sectors displayed erratic growth due partly to oil price instability and the government’s fiscal consolidation programme. However, recent legislative amendments and strategic announcements are expected to reinvigorate the closely linked sectors and support the central goals of Bahrain Economic Vision 2030, the overarching policy framework guiding the country’s development through to the end of the decade. A major infrastructure development drive, which includes a plan to expand Bahrain’s land mass by as much as 60%, alongside ongoing and recently announced upgrades to the industrial base, should drive construction and real estate growth.

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