Businessman Ahmed Youssef Ali stressed that the impressive success achieved by the Kingdom of Bahrain in organizing the Bahrain Grand Prix for Gulf Aviation Formula 1 had a great impact in stimulating the real estate sector and constituted a great opportunity to upgrade the level of real estate investment in the Kingdom, adding that the distinguished presence of international investors contributed greatly to stimulating the Bahraini real estate market, as the race provided an ideal environment to enhance relations between local and international investors on the one hand In the real estate sector on the other hand.
He pointed out that the Formula 1 activities are one of the largest incentives to attract real estate investments, thanks to the legal environment, service infrastructure and complete facilities that the Kingdom provides in its real estate projects, explaining that the race played an important role in attracting international companies and investors to look at Bahrain as a promising investment destination that enjoys integrated economic and investment benefits supported by Bahrain Economic Vision 2030 in strengthening Its economic position on the global map.
“Ahmed Youssef Ali” congratulated His Majesty King Hamad bin Isa Al Khalifa, the king of the country’s great country, and His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, on the occasion of the McLaren team winning the first place in the Bahrain Grand Prix for Gulf Aviation Formula One, stressing that this success reflects the team’s distinguished position, and enhances its leadership in the world of Formula 1 races, praising the accompanying activities that were held during the race From creating a comprehensive recreational experience that attracted the various categories of the public, which contributed to promoting sports tourism.
He added that the Formula 1 race achieved distinguished results on the economic side, as this global sporting event is a strong evidence of the developmental and civilizational development witnessed by the Kingdom of Bahrain in all fields, pointing out that the race contributed greatly to increasing the movement of tourism; This reflected positively on the hotel and commercial sectors, as it helped pushing the wheel of the national economy by stimulating growth in various industries, from the real estate sector to logistics and marketing services, in addition to providing direct and indirect job opportunities for many citizens and residents.
