Efforts to resume work on stalled real estate projects in Bahrain are being hindered by low oil prices and their impact on the national economy, according to an expert.  

The government has intervened in several unfinished developments after a new Real Estate Development Law came into effect last February, reported the Gulf Daily News, our sister publication.

They include the Villamar apartment buildings at Bahrain Financial Harbour, where work resumed last year after developer Gulf Holding Company (GHC) signed restructuring agreements with financiers, the report added.

To read further, please visit GDNonline.