Bahrain Parliament approves law to protect investors

June 18, 2014 10:52 am

Bahrain Parliament approved a new law aimed at protecting investors in large-scale real estate projects has been approved in record time by both chambers of Bahrain’s National Assembly, Trade Arabia has reported. Under the law, which has now been referred to His Majesty King Hamad for ratification, anyone embarking on a new project is required to submit complete plans including a start and completion date, designs and artists’ impressions and a value estimate for the scheme calculated by an engineering firm and ratified by the Engineering Practices Regulatory Committee.