6 days ago
Annual forum to attract investment in public land
An annual forum to drum up investment in idle municipal land and properties has been given the nod by the Capital Trustees Board.
Board members backed Dr Abdulhassan Hassan Al Dairi's proposal unanimously yesterday, paving the way for private money to flow into untapped public plots.
The event is expected to nudge businesses to take on new projects and boost council coffers, while spreading the benefits evenly across different districts.
The forum, which is hoped to become a fixture in Bahrain's calendar, is part of a wider drive towards Vision 2030.
The government wants businesses to step forward and run more projects, pushing economic diversity in a fair and competitive setting.
Opportunities
Those attending the event will be shown clear-cut opportunities, complete with maps, figures, and suggested uses for properties currently left idle.
Financing will also be on the table, with banks, insurers, and investors expected to take part in discussions on funding tools and risk cover.
Dr Al Dairi believes giving private firms clearer paths to take the lead in municipal projects will pay off through more jobs, technology-sharing, and improved outcomes.
Projects
A fair spread of projects around different regions will also be on the agenda, aiming to even out social and economic gaps.
Stories from successful ventures will feature during the discussions, offering practical examples and helping businesses grasp what's possible.
