Bahrain to begin mega housing project
Manama, November 14, 2012
Reclamation work at a site for a massive housing project in Bahrain has been completed in a package costing BD24.4 million ($64.34 million), and work is poised to begin, said a senior government official.
The company in charge of reclamation is scheduled to complete protection of the coastal area in January, Housing Minister Bassem Al Hamer was quoted as saying by our sister publication the Gulf Daily News.
Meanwhile, bids will be invited to build 1,500 homes as part of the first phase.
Five hundred housing plots will also be demarcated, funded through the GCC Marshall Plan, in addition to a Kuwaiti financial contribution.
"The Housing Ministry is now co-ordinating with other ministries and service authorities to issue the tenders according to plans," Al Hamer said.
Once completed, the city will boast 4,500 to 5,000 housing units capable of accommodating more than 30,000 people on 227 hectares.
The scheme will also feature shopping malls, mosques, public parks and schools - to ensure a balance between economic and social aspects. – TradeArabia News Service