Manama: Abdulla bin Adel Fakhro, Minister of Industry and Commerce, has announced a significant policy shift allowing international investors to engage in several sectors within Bahrain. This development is part of Edict (71) of 2025, which amends Edict (40) of 2021, enabling international companies to operate in sectors such as power generation, public and private port management, and consultancy in data monitoring and protection.
According to Bahrain News Agency, the new edict, unveiled alongside Cityscape Bahrain 2025, permits international companies to market and sell properties in areas designated for foreign ownership. This initiative is designed to bolster growth in the real estate sector and enhance investment flows, aligning with Bahrain's efforts to foster an improved business environment.
Minister Fakhro clarified that international companies will operate under stringent rules to ensure the protection of all stakeholders, with marketing activities restricted to designated foreign ownership zones. This measure aims to broaden investment opportunities and align with the evolving property market in Bahrain, which is witnessing increased demand for developments in freehold areas like Bahrain Bay, Bahrain Harbour, Amwaj Islands, Diyar Al Muharraq, Durrat Al Bahrain, Marassi Al Seef, among others.
The minister emphasized that this policy is a crucial step towards economic diversification and enhancing Bahrain's competitive edge. It is expected to attract significant foreign investment and global enterprises, creating high-quality job opportunities for locals while maintaining robust regulatory oversight and consumer protection.
Minister Fakhro also highlighted that authorizing international companies in the property sector aligns with the objectives of Bahrain's Economic Vision 2030. It demonstrates the government's ongoing commitment to establishing Bahrain as a premier investment and real estate destination with transparent regulations and oversight to safeguard the interests of all parties involved.