Latest news with #GovernmentLandInvestmentPlatform
Daily Tribune
26-03-2025
- Business
- Daily Tribune
Investment opportunity for medical center
The Ministry of Industry and Commerce has announced a new investment opportunity for the development and operation of a medical center within the Bahrain International Investment Park in Salman Industrial City. The project, which is part of the ministry's ongoing efforts to strengthen public-private partnerships, is being offered in coordination with the Government Land Investment Platform. Mohammed Khalid Noor, Director of Industrial Areas Management at the Ministry, said that the initiative aims to rehabilitate and operate the existing medical facility to deliver advanced healthcare services to citizens and residents. He noted that the project aligns with the ministry's commitment to enhancing infrastructure and support services for investors and industrial entities, by national standards. The facility will be leased to the successful bidder for a 15-year term.
Zawya
13-03-2025
- Business
- Zawya
Bahrain's minister provides clarity on cryptocurrency rules
Bahrain is playing a pioneering role in regulating cryptocurrencies, implementing legal frameworks that provide confidence to investors while acknowledging associated risks, MPs heard. Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa told Parliament during its weekly session yesterday that the Central Bank of Bahrain (CBB) updates its regulations to keep pace with financial advancements. 'Bahrain is among the few countries with specific regulations governing cryptocurrencies,' he said. 'The banking and financial sector is the largest sector in our economy and we remain at the forefront of financial innovation. 'However, with any investment that carries risks, investors must be made fully aware of them.' The minister acknowledged the additional cybersecurity risks associated with digital assets but reassured MPs that Bahrain's regulatory framework helps provide stability in the sector. 'The legal framework ensures oversight over licensed entities, offering a layer of security,' he explained. 'While risks remain, the situation is far better than dealing with unregulated entities from abroad.' Shaikh Salman also clarified the distinction between digital currencies issued by central banks and private cryptocurrencies. 'The 'digital dinar' is an example of a regulated digital currency, as it is pegged to the Bahraini dinar. However, cryptocurrencies are not tied to any national currency,' he said. On the topic of a unified Gulf currency, Shaikh Salman confirmed that discussions remain ongoing at the GCC level. 'Several initiatives have been adopted to facilitate direct and instant payment settlements between GCC countries,' he added. 'However, for now, the US dollar remains the primary currency in global reserves and the US economy continues to be the world's largest.' Shaikh Salman also addressed parliamentary inquiries on the government's plans to attract investment in state-owned land, highlighting the launch of Bahrain's Government Land Investment Platform in 2022. 'This platform optimises the use of government assets and embodies the principles of Vision 2030 by ensuring sustainability, competitiveness and fairness,' he explained. 'It provides transparency and allows investors to compete for strategic projects that drive economic development.' The minister noted that previously, government lands were scattered across different entities without a centralised platform. 'Now, all available lands are listed in one place, making it easier for investors,' he said. 'The platform is regularly updated and we are witnessing significant interest from the private sector.' He added that several projects were already underway on government-owned lands, with expectations of further growth in real estate and investment activity. 'The government is committed to offering land transparently, ensuring that the best projects are developed to create promising opportunities for Bahraini citizens,' he added. Shaikh Salman further elaborated on broader governmental efforts to streamline investment procedures. 'A dedicated government team, comprising specialised entities, is working continuously to modernise government systems, including investment policies,' he revealed. He stressed the administration's commitment to reducing bureaucracy and improving efficiency. 'There is extensive work underway across government bodies to update procedures, shorten processing times and accelerate investment-related approvals,' he said. 'With Bahrain positioning itself as a financial and investment hub, the government's focus on regulatory advancements, digital transformation and attracting private sector participation is expected to drive further economic growth.' He was responding during the weekly session to questions by three MPs.
Bahrain News Gazette
12-03-2025
- Business
- Bahrain News Gazette
Bahrain Announces 23 New Investment Opportunities Through Government Land Investment Platform
Manama: Bahrain has unveiled 23 new investment opportunities through its Government Land Investment Platform, marking the largest batch of opportunities since the platform's inception. Nouf Abdulrahman Jamsheer, Chairperson of the Government Land Investment Committee and Undersecretary for Research and Projects at the Office of the Prime Minister, made the announcement, highlighting the strategic expansion aimed at boosting economic development and enhancing partnerships with the private sector across the Kingdom's regions and governorates. According to Bahrain News Agency, Jamsheer stated that the initiative is designed to attract high-value investments and create new opportunities, enhancing the private sector's role alongside public sector projects with sustainable economic impacts. These opportunities allow investors and developers to utilise government land for agricultural, commercial, educational, and technological development through transparent and competitive mechanisms. This approach aims to optimise land use and further develop Bahrain's food security sector. The opportunities include a commercial property in Hamad Town, belonging to the Rashid Equestrian and Horseracing Club, designated for a commercial complex. Additionally, 19 agricultural properties under the Ministry of Municipalities Affairs and Agriculture in Buri and Hoorat A'ali have been allocated to support agricultural activities, with the bidding period open until May 11. Further opportunities include plots for data centre development in the Southern Governorate and an educational investment plot in the Muharraq Governorate, with bidding open until June 11.
Daily Tribune
12-03-2025
- Business
- Daily Tribune
Bahrain expands crypto licensing regulation
Crypto regulation in Bahrain is advancing, with the Central Bank continuously updating its framework for digital asset licensing, Finance and National Economy Minister, His Excellency Shaikh Salman bin Khalifa Al Khalifa, told Parliament yesterday. 'The framework ensures that licensed entities operate securely and transparently, protecting against risks such as data breaches and financial crime,' he said. 'This system helps maintain investor confidence and strengthens Bahrain's position as a regional financial hub.' Shaikh Salman added, 'GCC countries are moving forward with plans to connect payment networks, with a joint system approved to allow instant currency settlements between them. The GCC Supreme Council backed the move at its 41st session, setting out plans to link national banking systems and financial infrastructure.' Monetary ties Talks held last year, he noted, focused on coordinating central bank policies and tightening monetary ties to facilitate business and banking activities across the region. 'The US dollar remains the leading reserve currency for central banks worldwide, backed by the size of the American economy and its dominant role in global trade,' Shaikh Salman said. 'Gulf governments still rely on the dollar for reserves, but talks within the Gulf Monetary Council have touched on ways to build a stronger financial base closer to home.' Investment At home, Bahrain is looking to open more state-owned land for investment. Its Government Land Investment Platform - launched in 2022 - now serves as a central point for leasing government property. The online system means investors no longer need to navigate multiple government departments to bid on land; instead, plots are listed transparently to attract more private investment in real estate and infrastructure. Properties The platform is frequently updated, with new properties added as others are leased. The Minister also spoke about plans to speed up government paperwork, particularly in property and investment approvals.
Daily Tribune
11-03-2025
- Business
- Daily Tribune
Bahrain Launches 23 New Investment Opportunities through Government Land Investment Platform
Nouf Abdulrahman Jamsheer, Chairperson of the Government Land Investment Committee and Undersecretary for Research and Projects at the Office of the Prime Minister, has announced the launch of 23 new investment opportunities, marking the largest batch since the Government Land Investment Platform's inception. In a statement, Jamsheer highlighted that this expansion reflects the government's growing commitment to leveraging public assets to foster economic growth, enhance private sector collaboration, and develop projects that cater to the aspirations of Bahrain's citizens across all regions and governorates. This initiative is part of a strategic approach aimed at attracting high-value investments, creating fresh opportunities, and bolstering the contributions of the private sector alongside the public sector. The new opportunities are designed to promote sustainable economic impact, offering investors and developers the chance to utilize government land for a variety of developments, including agricultural, commercial, educational, and technological ventures. The move is expected to optimize land use and contribute to the advancement of Bahrain's food security sector. Notable opportunities include a commercial property located within the Rashid Equestrian and Horseracing Club in Hamad Town. This property, covering 6,232 square metres, is designated for a commercial complex. Additionally, 19 agricultural properties in Buri and Hoorat A'ali, ranging in size from 5,616.2 to 8,251.3 square metres, will be available for investment to boost agricultural activities in these key areas. The bidding period for these properties will remain open until May 11. The newly offered investment opportunities also feature two plots in Al Qurain and Al Zallaq, located in the Southern Governorate. Each plot spans 40,000 square metres and is allocated for data centre development. Additionally, an educational investment plot in Arad, Muharraq Governorate, covering 12,451 square metres, has been earmarked for the establishment of a new school. The bidding process for these opportunities under the Ministry of Finance and National Economy will run until June 11. Jamsheer has invited investors to explore these opportunities through the Government Land Investment Platform at where detailed information on available properties can be found. Applications for these properties can be submitted through a public auction process.
