Bahrain on track to build 25,000 homes in 4 years
The Kingdom's housing minister said projects under construction until the end of 2017 will proceed despite low oil prices
Bahrain's housing minister has said the Kingdom's plans are yet unaffected by the slump in global oil prices, but said he is less certain about future prospects.
Bassim bin Yaqoob Al Hamar said the country is on track with its plan to develop 25,000 housing units within the next four years.
Over 13% of work on the project is completed so far, with housing projects under construction until the end of 2017 unlikely to take the hit of dwindling oil prices.
However, he added, it is difficult to predict the projects to be carried out later.
Al Hamar said the housing ministry is keen to work with the private sector whilst developing such housing units in the country.
Bahrain's affordable housing schemes include the Al Ramli Housing Project, which is set to comprise 3,520 homes.