Local Demand to Push Bahrain Construction Market in 2011 and Beyond

Tuesday, 09 August 2011 14:25

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Bahrain Videos

Local Demand to Push Bahrain Construction Market in 2011 and Beyond: Video Interview with Omar Al Mardi, Managing Director of Bahrain Financial Harbour

A multitude of factors have affected real estate in Bahrain. Before the political crisis, Bahrain was faced with the global financial meltdown that emanated from the US sub-prime crisis.

The crisis had an adverse effect on liquidity and its availability, among other things. This negatively affected the real estate globally because people were reluctant to invest. Bahrain was also affected by the crisis and the value of real estate market dropped.

However, Bahrain is different from the other Gulf countries. There is a greater demand because of higher population density (600-700 people per square kilometer) and thus the local demand is enough to push the construction market in the future.

Bahrain Financial Harbour (BFH) is a world-class, fully integrated waterfront development (among the best business locations in the Middle East.) which will create a complete financial city, a self contained community, in the centre of Manama, Kingdom of Bahrain.

http://www.marcopolis.net/bahrain-financial-harbour-business-location-in-the-middle-east.htm

2011, BFH, Bahrain, Bahrain Financial Harbour, construction, crisis, financial meltdown, global economic crisis, invest, market, outlook, real-estate, sector, sub-prime

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