Housing Minister announces amendments to boost real estate, infrastructure projects

Manama, Amna bint Ahmed Al Rumaihi, Minister of Housing and Urban Planning, said that in line with the directive of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, to eliminate infrastructure recovery fees linked to building permits and to establish financing solutions for infrastructure in new areas, the decision (788) of 2024 was issued. This decision was issued to amend provisions of the executive regulations in the Law Draft (3) of 1994, concerning land subdivision, specifying areas where subdivisions are permitted and ensuring that subdivisions are linked to the availability of essential infrastructure. The minister emphasised Bahrain's commitment to advancing urban planning under the leadership of His Majesty King Hamad bin Isa Al Khalifa, with continuous support from HRH the Crown Prince and Prime Minister. Minister Al Rumaihi highlighted that the decision reflects the government's interest in infrastructure as the foundation of the comprehensive developmen t process and attracting new investments to Bahrain, underscoring the importance of public-private partnerships as a key driver of economic and urban development. The minister also acknowledged the efforts of Shaikh Khalid bin Abdullah Al Khalifa, the Deputy Prime Minister and Chairman of the Ministerial Committee for Development and Infrastructure Projects, in overseeing and coordinating the implementation of this directive. She added that the ministry continues to work towards achieving the government's objectives by finding innovative financing solutions to provide necessary infrastructure. This enhances Bahrain's competitiveness as an attractive destination for investors, leading to further achievements benefiting citizens and the nation. The minister said that the decision also includes amendments to Decision (56) of 2009, which issued the executive regulations for Decree-Law (3) of 1994 concerning the subdivision of land designated for development and construction. This decision is expected to boost real estate transactions in the Kingdom, enhance urban and economic development, and encourage increased investment and real estate development. Source : Bahrain News Agency