IT was interesting to read in the GDN of November 21 the Deputy Prime Minister declaring that the real estate sector in Bahrain must be governed by the rule of law.
It is a pity, therefore, that the laws in Bahrain were insufficiently robust in 2007 – when property investors at Marina West invested their hard-earned life’s savings into apartments at this luxury real estate development, backed by local banks and other institutions – to prevent default by a developer misusing investors’ stage payments .
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