Bahrain is experiencing a turnaround in various unconventional industries, other than the newly discovered oil and gas reserves, including aviation, agriculture and real estate.
Real estate on high
In a recent report on Bahrain’s property market, Business Monitor International (BMI) forecast steady growth in 2018.
As part of the $32 billion investment plan, real estate is benefitting from $2.4 billion. In the last five years, the kingdom has developed public-private partnerships for housing projects, with 4,000 new units completed in the last two years. Social housing is included in the ambitious Diyar Al Muharraq, a project underway on 12 islands, spread over 12 sq-km off the coast of Muharraq, with the capacity to accommodate over 100,000 people.
