1.5 million dinars for the development of the Independence Walk, in cooperation with the private sector

Minister of Municipalities and Agriculture Affairs Wael Al-Mubarak spoke about the signing of a contract for investment and development of the second phase of the Independence Walk in Block 934 in Riffa, with a total value of one million and 475 thousand dinars. The blessed minister explained that encouraging investment in government property comes from Bahrain’s economic vision 2030, by involving the private sector in the exploitation and investment of municipal property for the benefit of citizens and residents in the Kingdom of Bahrain. The blessed minister indicated that the ministry, represented by the municipality of the southern region, put out a public bid for a plot of land that is an extension of the Independence Walk on an area of ​​5,000 square meters. With the aim of obtaining the largest return on investment, confirming the signing of the contract for the exploitation of the plot of land for a total amount of one million and 475 thousand and 283 dinars, according to the BOT system for a period of 30 years. The blessed minister explained that the project submitted by the investor on the municipality’s land includes the construction of playgrounds, shops, car parks, in addition to laying green areas and planting trees at the project site. The blessed minister indicated that the Kingdom of Bahrain has a qualified infrastructure for the establishment of various real estate projects, as well as a system of stimulating legislation and facilitating procedures for investors in various sectors, including investment in municipal property. The blessed minister said that the development of public facilities and municipal projects in partnership with the private sector comes to enhance the role of the private sector in participating in the implementation of development projects and presenting investment opportunities, stressing the ministry’s keenness for the private sector to be an essential partner and engine for municipal and agricultural work, stressing that the Ministry of Municipal Affairs and Agriculture Pays great attention to partnership with the private sector in the development of municipal and service projects, and works to strengthen them in order to provide the best services of the highest quality. For his part, the Undersecretary of Municipal Affairs, Sheikh Mohammed bin Ahmed Al Khalifa, said that investing with the private sector to develop public facilities and municipal services contributes to the development of these services to meet the aspirations and aspirations of citizens, pointing at the same time to the important role played by municipal councils in supporting this trend. . He stressed that the ministry is working to highlight investment opportunities, whether through the government platform for land investment, which provides opportunities for investors to benefit from government lands, or through projects offered by the ministry to develop and invest in public facilities such as central markets or other opportunities that make the private sector an important and essential partner in Developing the municipal services system. In addition, the Chairman of the Municipal Council of the Southern Region, Abdullah Abdul Latif, praised the role of the Ministry of Municipalities Affairs and Agriculture in supporting these service projects and working to develop them continuously, in a way that meets the aspirations and aspirations of the people, stressing at the same time that there are many projects that would constitute investment opportunities. for investors.