DTT | Manama
The Daily Tribune – www.newsofbahrain.com
The Ministry of Housing, in collaboration with the private sector, today signed the first contract for the pilot phase of the state land development program.
The program was launched by the Ministry of Housing as one of the initiatives aimed at involving real estate developers and contractors in the implementation of social housing projects for citizens who meet the eligibility criteria.
The agreement was signed by Housing Minister Bassim bin Yacoob Al-Hamar and Dr. Varghese Kurian of the Al-Namal Contracting and Trading Company in the presence of the Under-Secretary of State of the Ministry of Housing, Shaikh Khalid bin Hmood Al-Khalifa.
Under the contract, Al-Namal Contracting and Trading Company will build 132 residential units on state-owned land in Al-Lawzi, including the necessary infrastructure. The units will then be sold to the Kingdom’s citizens who are on waiting lists by receiving one of the Ministry’s funding programs.
In a comment, the minister said the program was launched in collaboration with the private sector as part of an effort to achieve the King’s order to build 40,000 housing units, and the Crown Prince and Prime Minister Salman bin Hamad Al Khalifa is among the innovative solutions for the deployment of public housing.
Al-Hamar added that the ongoing partnership with the private sector has helped deliver more than 7,000 housing services.
He pointed out that, once the pilot project is successfully completed, similar housing projects will be implemented in other governorates, with plans to build 15,000 units on state land in order to make more housing units available to beneficiaries at competitive prices.
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