The kingdom is set to see a number of residential, retail and hospitality properties launched in 2017 as the country’s real estate sector pushes ahead with new developments. The macroeconomic issues affecting the country and its GCC neighbours, as governments in the region trim expenditure in response to the global slump in oil prices, do not...
Thousands of Bahraini citizens are set to move into new properties in 2017 as the government makes good on its pledge to provide 25,000 new homes by the end of 2018. The houses and flats have been funded through the Ministry of Housing (MoH), the Gulf Development Fund and through public-private partnership (PPPs) agreements. The homes are...
Having pioneered the first housing public-private partnership (PPP) in the GCC, what improvements would you suggest for the future?
With a raft of measures aimed at improving infrastructure, industry, housing and connectivity, the government of Bahrain has a $32bn investment strategy to accelerate economic diversification in the kingdom, providing abundant opportunities for the country’s construction sector. Even against a backdrop of falling oil prices that has seen the...
In May 2016 nogaholding, the investment arm of the National Oil and Gas Authority (NOGA), signed a $570m credit agreement allowing it to move ahead with a $5bn overhaul of the country’s existing refining facility. This move would boost output capacity to 360,000 barrels per day (bpd), up from the 276,676 bpd produced in 2015. Bids were...
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