HRH the Crown Prince and Prime Minister issues Edict (44) of 2022

His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, today issued Edict (44) of 2022, establishing and forming the Government Land Investment, hereinafter referred to as the “Committee”.

According to the edict, the Committee shall comprise the representatives of the following entities:

1- Assistant Undersecretary of Projects at the Prime Minister’s Office (Chairperson).

2- Director of Government Property Affairs Directorate at the Ministry of Finance and National Economy (Deputy Chairperson).

3- Director of the Project Management Department at the Prime Minister’s Office (Member).

4- Director of the Protection and Safety Directorate at the Ministry of Interior’s General Directorate of Civil Defence (Member).

5- Director of the Project Management Directorate at the Ministry of Finance and National Economy (Member).

6- Director of the Public Revenues Policy Directorate at the Ministry of Finance and National Economy (Member).

7- Director of the Central Government Procurement Directorate at the Ministry of Finance and National Economy (Member).

8- Director of the Projects Directorate at the Ministry of Municipalities Affairs and Agriculture (Member).

9- Director of the Roads Planning and Design Directorate at the Ministry of Works (Member).

10- A representative of the Ministry of Cabinet Affairs (To be nominated by the Minister of Cabinet Affairs) (Member).

11- Director of the Urban Development Directorate at the Urban Planning and Development Authority (Member).

12- Executive Director for Co-Investment Opportunities at the Economic Development Board (Member).

13- Director of the Government Real Estates Directorate at the Bahrain Real Estate Investment Company (Edamah) (Member).

The Committee may seek the assistance of experts and specialists it deems appropriate to its duties to attend its meetings, provided that they do not vote in its deliberations.

Without prejudice to the laws and edicts, as well as the terms of reference of the relevant authorities, the Committee shall follow up on the mechanisms of investing government lands, study the technical, financial and environmental aspects of the requests of entities wishing to invest those lands, and present them on the electronic platform designated for this in conjunction with their offering for investment in accordance with the laws and regulations in place.

The Committee shall undertake the following duties:

1-  Coordinate with disposing government parties to determine the lands that can be invested and obtain all data related to those lands.

2-  Ensure that the disposing parties of government lands have obtained all the necessary approvals to invest in those lands.

3-  Develop a strategy for the investment of government lands.

4-  Adopt a timetable for putting government lands for investment in auctions in coordination with the disposing parties.

5-  Oversee the updating of the Government Land Investment Platform.

6-  Supervise coordination with the disposing parties.

7-  Follow up on the process of offering government lands for investment in auctions through the Tender Board in coordination with the disposing government agencies, and the process of reviewing and evaluating the received bids.

8-  Prepare periodic reports on the developments of government land investment.

The disposing government agencies shall provide the Committee with the following reports:

1. Periodic reports during the period of bidding for the investment of government lands, including the details that enable the Committee to carry out its tasks.

2. Quarterly reports on the status of government real estate offered for investment and any developments in this regard.

The Committee shall convene at the request of its chairperson. The meeting shall be valid if attended by the majority of its members, provided that the chairman or the deputy chairman is among them.

The Committee issues its decisions and recommendations by a majority vote of the present members. In the event of a tie, the side with which the chairperson votes wins.

The Committee Chairperson shall appoint a rapporteur, who will prepare its meeting, coordinate with members and implement any assignments entrusted to him.

The Committee shall submit periodic reports to the Minister of Finance and National Economy, including a statement on the progress of its work, its achievements, the obstacles it faced, and proposals related to the investment of government lands.

Those concerned, each in their capacity, shall implement the provisions of this edict, which takes effect upon its publication in the Official Gazette.