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Bahrain FinTech Bay, RERA join forces to bolster PropTech

Wednesday, 04 14 2021, Category: Technology, Country: Bahrain
MENA’s FinTech Hub; Bahrain FinTech Bay has joined forces with the Real Estate Regulatory Authority (RERA) to bolster proptech within the Kingdom.

The joint efforts of the two entities, in line with the Kingdom’s Vision 2030 and the National Real Estate Plan (2021-2024) will be accelerated to achieve a strong and sustainable real estate sector, Bahrain News Agency reported.

Bahrain FinTech Bay will support in developing practical, scalable, and innovative solutions for the real estate sector with prime focus on the first key pillar ‘Leadership in service innovation’ of the National Real Estate plan.

Furthermore, the largest FinTech Hub in the region will develop strategic initiatives in partnership with RERA including key joint projects, PropTech focused acceleration programs, and more.

Commenting on the initiative, Chief Executive Officer of RERA, Shaikh Mohammed bin Khalifa Al Khalifa said: "Leadership in service innovation is one of the main pillars in the National Real Estate Plan and RERA’s collaboration with Bahrain FinTech Bay will accelerate this mission to create an integrated investment-friendly ecosystem and bring in technology-focused regulatory reforms that will further position Bahrain as the premier destination for real estate investment both regionally and globally."

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