RERA discuss the development of real estate sector and encourage the investment process

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The Board of Directors of the Real Estate Regulatory Authority (RERA) has held its meeting remotely, under the chairmanship of the President of the Survey and Land Registration Bureau (SLRB), Shaikh Salman bin Abdulla bin Hamad Al Khalifa.

The board discussed the latest developments of the “Golden Gate” project, and gave directives to the executive management to take the necessary legal procedures regarding it.

The panel was also informed about the extent of the adherence of companies and individuals concerned with the real estate sector to the relevant regulations and laws, giving directives to continue follow-up and control, as well as to carry on developing RERA’s work so as to ensure the delivery of flexible and dynamic administrative and electronic procedures.

The aim is to keep pace with the latest developments, further develop the real estate sector and encourage the investment process, the board said, affirming keenness to ensure that the real estate sector plays its role in contributing to the national economy, and adopts effective legal procedures to achieve sustainability and competitiveness, in line with the directives of His Majesty King Hamad bin Isa Al Khalifa, the policies of the government, led by His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, and the decisions of the Government Executive Committee, led by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister.

RERA Chief Executive Officer, Shaikh Mohammed bin Khalifa Al Khalifa, gave a detailed presentation about RERA’s work, and the procedures and decisions to be taken in the coming period.

He also expressed thanks to members of RERA Board of Directors, led by Shaikh Salman bin Abdulla Al Khalifa, for their support and directives which, he said, have reflected positively on RERA’s work.

BNA(R)

SOURCE: BizBahrain

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