23 Feb 2025

Bahrain Chamber Strengthens Real Estate Ties with Asharqia Chamber

As part of efforts to enhance cooperation between the real estate and urban development sectors in Bahrain and Saudi Arabia, the Real Estate and Construction Committee of the Bahrain Chamber met with its counterpart from the Asharqia Chamber on Tuesday, 11th February 2025 at the Bahrain Chamber's headquarters. The meeting addressed key topics relevant to the sector in both countries.

Vice Treasurer of the Bahrain Chamber and Head of the Chamber’s Steering Committee, Waleed Kanoo, emphasized that the meeting marked a significant step toward strengthening bilateral cooperation. Discussions covered initiatives to improve the real estate business environment, attract new investments, and foster partnerships between entrepreneurs. He reaffirmed the Bahrain Chamber’s commitment to supporting business owners and investors, contributing to sustainable development and economic growth.

 

For his part, Chairman of the Real Estate and Construction Committee at the Bahrain Chamber, Eng. Raed Omar, described the meeting as a pivotal opportunity to exchange expertise and enhance collaboration. Key topics included future investment opportunities, current challenges, and strategies to drive sector growth. He stressed that closer cooperation between the Bahrain and Asharqia chambers would foster innovation and create lasting benefits for all stakeholders.

 

For his part, Chairman of the Real Estate and Urban Development Committee at the Asharqia Chamber, Eng. Rashid Al-Qadi, highlighted the importance of strengthening ties between the two countries’ real estate sectors. He commended the role of chambers of commerce in facilitating collaboration among business leaders and investors.

 

Discussions also focused on improving real estate marketing strategies and leveraging modern technology to promote projects. Both parties exchanged insights on industry challenges, ongoing developments, and investment opportunities while exploring ways to enhance sales mechanisms and update regulations to better serve investors and clients. The meeting concluded with an agreement to organize more joint events and exchange visits to deepen collaboration, share knowledge, and drive growth in the real estate and urban development sectors.

LA

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