The decision by the Bahraini government to allow foreign investors 100 percent ownership in various sectors of the market is likely to have a positive long term impact on the kingdom’s property markets, according to Cluttons.
According to the government, the new law will allow 100 percent ownership in residency, real estate, administrative services, health and social work, information and communications, manufacturing and technical activities among others.
Cluttons said in new research note that the decision is likely to attract companies to set up a Middle East foothold in the kingdom.
Harry Goodson-Wickes, head of Cluttons Bahrain and Saudi Arabia said: “The government’s decision to allow 100 percent foreign ownership is an important development for Bahrain.
