New Insurance Bond on escrow accounts for real estate projects – a game changer and a vote of confidence in Bahrain

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H.E. Shaikh Salman Bin Abdulla Al-Khalifa, President of the Survey and Land Registration Bureau and Chairman of the Board of the Real Estate Regulatory Authority (RERA), speaking today at the launch of the Insurance Bond on escrow accounts for real estate projects ‘the provision of this new Insurance Bond on escrow accounts for real estate projects, provided by local insurers who are regulated by the Central Bank of Bahrain and members of the Bahrain Insurance Association and fully supported by an AA rated world’s largest reinsurer - Swiss RE, is a strong vote of confidence not just in the new real estate regulatory environment but also in the broader real estate sector and indeed the Kingdom of Bahrain”.

Read more on: https://www.rera.gov.bh/en/article/new-insurance-bond-on-escrow-accounts-for-real-estate-projects-a-game-changer-and-a-vote-of-confidence-in-bahrain/

Source : New Insurance Bond on escrow accounts for real estate projects - a game changer and a vote of confidence in Bahrain