Bahrain and UK building closer ties

Bahrain and UK building closer ties

As 86% of investors in the Gulf state agree that UK property is one of the strongest overseas real estate destinations, ministers from the two countries hold preparatory meeting ahead of London ministerial meeting later this month.

Summary:

  • Leading delegates from Bahrain and the UK meet in Manama ahead of the Ministerial Meeting of the Joint Working Group between the countries on July 19th
  • Talks discussed issues of mutual concern and building bilateral relations between the two nations
  • New report reveals the popularity of investing in UK real estate among buyers based in Bahrain

Talks between leading officials of the UK and Bahrain have taken place to establish stronger links between the two nations – just as new research reveals the appeal of UK property investment among buyers in the Gulf state.

On July 4th, the Joint Working Group between Bahrain and the UK held a preparatory meeting at the Ministry of Foreign Affairs in Manama, ahead of the wider Ministerial Meeting in London on July 19th.

Held under the chairmanship of the Minister of Foreign Affairs, Shaikh Khalid bin Ahmed bin Mohammed Al Khalifa, and his British counterpart, the meeting outlined the topics to be discussed in the UK capital later in the month. These involved areas of mutual concern, in addition to strengthening bilateral relations between the two nations, particularly in the areas of education, science and investment.

Dr Shaikh Abdulla bin Ahmed Al Khalifa, Bahrain’s Undersecretary for International Affairs, spoke of the importance of enhancing the strong partnership and alliance between the two countries.

It comes at a time when a new report by Select Property Group has revealed the popularity of the UK as an overseas property destination among investors based in Bahrain.

The GCC Investor Report 2018, conducted by YouGov, found that 86% of investors in the Kingdom regard the UK as a strong property investment location. Indeed, all Bahraini nationals surveyed stated their belief in the UK’s property market.

The UK was the second most popular place to buy property for Bahrain-based investors, behind the UAE.
GCC report-download here-web (2)

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