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News Details

Cabinet Nods to Form Committee to Develop Real Estate Sector

  • Audience : Individuals, Business
  • Source : The Peninsula, Al Sharq Newspaper
  • Topic : Business and Finance
  • Date : Feb 13, 2020

Prime Minister and Minister of Interior, HE Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani, chaired the Cabinet regular meeting, which was held at the Amiri Diwan.

The Cabinet has approved a draft decision to form a committee charged with implementing a strategy on developing the country's real estate sector. Under the provisions of the project, a temporary committee will be established at the Ministry of Municipality and Environment that is concerned with the development strategy of the real estate sector.

The committee will be chaired by HE the Minister of Municipality and Environment, with membership from the designated authorities. Some of the powers of the committee will be to propose a strategy to develop the real estate sector as well as the required policies and plans to achieve the strategy. It will also develop a governance system for the sector and propose ways to support and regulate investment in real estate in the country.

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