Bahrain FinTech Bay To Drive Kingdom's Realty Ecosystem
Bahrain FinTech Bay said it has signed a partnership deal with the Real Estate Regulatory Authority (Rera) to bolster Proptech within the kingdom and make it a pioneer in the Middle East and North Africa region. The leading FinTech hub in the Middle East, Bahrain FinTech Bay is located conveniently in the Arcapita Building. It provides a physical hub to incubate insightful, scalable and impactful FinTech initiatives through innovation labs, acceleration programmes, curated activities, educational opportunities and collaborative platforms. It partners with governmental bodies, financial institutions, corporates, consultancy firms, universities, associations, media agencies, venture capital and FinTech startups to bring the full spectrum of financial market participants and stakeholders together. The joint efforts of the two entities, in line with Bahrain’s Vision 2030 and the National Real Estate Plan (2021-2024) will be accelerated to achieve a strong and sustainable real estate sector. As per the deal, Bahrain FinTech Bay will play a major role in developing practical, scalable, and innovative solutions for the real estate sector with prime focus on the first key pillar ‘Leadership in service innovation’ of the National Real Estate plan. Furthermore, the giant FinTech hub will develop strategic initiatives in partnership with Rera including key joint projects, PropTech-focused acceleration programmes and more. In the Middle East particularly, a large and far-reaching PropTech market has emerged. Bahrain FinTech Bay will support Rera in harnessing PropTech tools and solutions to better engage and enhance technology within the sector. In the kingdom, various proptech solutions have been rolled out that allow comparative house hunting, or competitive asset management to be undertaken from home or the office, he added.
Tags : INTERNATIONAL Realty+ Ecosystem Bahrain FinTech Bay Kingdom