Bahrain Economic Development Board (EDB) expects a significant rise in Saudi Arabia’s investments in the Bahraini real estate sector, after the reopening of King Fahd Causeway, Asharq Al-Awsat newspaper reported, citing Executive Director Ali Al-Mudaifa.
This comes as investors seek to benefit from the expected growth in demand to fulfill tourism needs through hotels or other tourism facilities.
Moreover, the real estate cost in Bahrain is 15% lower than peers in the region, Al-Mudaifa said, noting that GCC citizens can fully own real estate assets in Bahrain.
Growth in real estate transactions reflect rising demand for residential and retail properties in Bahrain – an opportunity for investors and developers to capitalize on the business climate in Bahrain, such as 100% foreign ownership.
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