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NEW HOUSING STRATEGY

Bahrain ..... working on a new housing strategy.

Bahrain plans to build 40,000 residential units

MANAMA, November 8, 2014

Bahrain's Housing Minister Bassem Al Hamer chaired a meeting to discuss the development of a strategy to build residential blocks across the country.

The meeting, attended by senior officials, discussed plans to construct 40,000 housing units following orders from His Majesty King Hamad last year on the sidelines of festivities marking the National Day, reported the Gulf Daily News, our sister publication.

Under the strategy, a series of projects will be announced soon to build residential blocks and launch new phases in the housing towns under construction.

The session highlighted the projects that will be funded under the GCC development programme as well as tenders for the new residential towns.

The ministry has already given the go-ahead for reclamation work for the East City Town and constructed the first part of the multi-phase East Hidd City which includes 483 units.

The minister urged the directorate of strategic projects to overcome all challenges and speed up work to finalise procedures for the projects to be launched in planned phases.

He instructed the directorate of housing services to draw up the lists of citizens who would be eligible to receive units and loans which could be announced as part of festivities marking the National Day and His Majesty's accession.

The minister was updated on the construction of 2,450 units in partnership with the private sector. Of this 1,618 units will come up in the Northern Town, while 832 will be in Al Lawzy residential project.

He was also briefed on the three-phase social housing funding programme, which was launched last December, under the patronage of Deputy Prime Minister Shaikh Khalid bin Abdulla Al Khalifa.-TradeArabia News Service




Tags: Bahrain | residential |

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