Bahrain signs housing projects worth $395m
Seven contracts were signed by the Housing Ministry and Bahraini, Kuwaiti, Emirati and international contracting companies
The Bahraini government, represented by the Housing Ministry, signed contracts worth more than $395m, to carry out housing projects, funded by the Gulf Development Programme.
The signing took place under the patronage of Deputy Prime Minister and Head of the Ministerial Committee for Construction and Infrastructure, Shaikh Khalid bin Abdullah Al Khalifa.
Seven contracts were signed by the Housing Ministry, represented by Housing Minister Bassim bin Yaqoob Al Hamar, and Bahraini, Kuwaiti, Emirati and international contracting companies.
The signing ceremony was attended by representatives from Abu Dhabi Fund for Development (ADFD), the Kuwait Fund for Arab Economic Development ((KFAED), ministers, senior officials and invitees.
Al Hamar said: "The $293m Kuwait-funded projects consist building 1,247 housing units in east Hidd, the construction of another 1,645 housing units and implementing infrastructure work in Hidd.
"Meanwhile, three contracts were signed to carry out housing and infrastructure projects worth more than $102m funded by the UAE."
The housing minister praised the Gulf Development Programme and its role in fast-tracking projects and reducing the waiting period, in line with the royal order to provide 40,000 for citizens by implementing housing projects nationwide, reported Bahrain News Agency.
He also lauded the government’s efforts to translate the royal order in its work programme by including 25,000 housing units in the next four years as a first phase.
He also commended progress in the distribution programme of 3,000 housing units across Bahrain in line with an order by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier.
The minister thanked Shaikh Khalid bin Abdullah Al Khalifa for his efforts through the Ministerial Committee for Construction and Infrastructure to tackle the housing issue and meet citizens’ needs.