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Bahrain praises India

india Updated: Feb 02, 2007 17:43 IST

Bahrainis hold Indians, the oldest expat community in the country, in high esteem and value their contribution, says Bahrain's Industry and Commerce Minister Dr Hassan Fakhro.

The minister was speaking after jointly opening the Homes of India property exhibition with Indian Ambassador Balkrishna Shetty in Manama.

Fakhro  also recalled the centuries old relationship between India and Bahrain and said such exhibitions would further strengthen commercial and economic ties, according to the Gulf Daily News.

Close to 30 builders from India are taking part in the exhibition with the aim of attracting the large number of NRIs in the region to invest in the country's booming real estate sector.

The exhibition features 'semi-luxurious' apartments and villa projects in major Indian cities.

"The real estate market in India is booming and it offers tremendous investment opportunities to both Indian and foreign nationals. We hope investors in Bahrain will use this opportunity," Shetty said.

"At a nine percent annual growth, India has proved to be an attractive destination for international investors," he added.

Well known developers, architects, banks, financial institutions, interior designers and legal advisers from India are also taking part in the exhibition.

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