TDT | Manama
Daily Tribune – www.newsofbahrain.com
Reported by Ashen Taraka
Bahrain’s real estate sector can forge stronger partnerships by embracing digitalisation, investing in infrastructure and increasing stakeholder awareness. Her Excellency Noor bint Ali Al Qurayf, Minister of Sustainable Development, made this statement during his opening remarks at the Urban Landscape Real Estate Innovation Awards Ceremony held at Exhibition World Bahrain yesterday.
Stakeholders in Bahrain’s real estate sector have called for greater transparency, and the government has responded by taking steps to promote sustainable development and sound real estate practices.
The National Real Estate Plan 2021-2024 provides a roadmap to achieve these goals, and the Urban Landscape Real Estate Innovation Competition, launched in partnership with the private sector, will further accelerate progress in this area. is expected. Digitalization is another key element in achieving the Sustainable Development Goals in the real estate sector.
Deploying digital technologies such as artificial intelligence (AI) can help improve efficiency, reduce costs, and increase transparency. “Bahrain is the perfect location to achieve all the requirements of the real estate ecosystem,” the Minister said. “We have a strong track record in innovation and sustainability and are committed to building a world-class real estate sector that benefits all stakeholders.”
The Minister also emphasized the importance of attracting partners to the Kingdom of Bahrain by expanding cooperation with the private sector. Cityscape Bahrain, a major real estate exhibition in the Kingdom, provides an opportunity for all stakeholders to explore the future of sustainable real estate in Bahrain and the necessary transformation.
With a commitment to innovation, sustainability and transparency, Bahrain is well-positioned to become a leader in the global real estate market. Government efforts and private sector involvement are creating a vibrant ecosystem that attracts investment and fosters growth.