Bahrain mulls new laws to boost property market

15/09/2014 12:47 AST

Bahrain government aims to introduce new laws to encourage real estate expansion and possibly revive stalled projects across the kingdom, said a report.

The cabinet discussed ways to boost Bahrain's real estate sector and also improve the investment environment, reported the Gulf Daily News, our sister publication.

The session, chaired by His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, suggested ways of dealing with developers who defaulted, and protecting victims, the report said.

The Premier instructed the cabinet to speed up completion of previously approved public services-related projects.

He insisted that it was important for ministries concerned to co-ordinate between them in this regard.


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