Housing Minister Basem bin Yacoub Al-Hamer chaired a key meeting yesterday (November6) to discuss the development of the strategy which was launched two years ago(2012).
The meeting, which was attended by senior officials, discussed plans to construct 40,000 housing units following orders from His Majesty the King last year on sidelines of festivities marking the National Day.
Under the strategy, a series of projects will be announced soon to build residential blocs across Bahrain and launch new phases in the new housing towns which are under construction.
The session spotlighted the housing projects which will be funded under the GCC financial programme as well as tenders for the new residential cities.
The ministry has already given the go-ahead for reclamation work for the East City Town and constructed the first part of the multi-phased East Hid City which includes 483 units.
The ministry urged the directorate of strategic projects to overcome all challenges and speed up work so to as to finalise procedures for projects to be launched in planned phases.
He instructed the directorate of housing services to draw up the lists of candidates who would be eligible to receive units and loans which would hopefully be announced as part of festivities marking the National Say and His Majesty’s Accession Day in December.
The minister was updated on the construction of 2450 units in partnership with the private sector – 1618 units in the Northern Town and 832 in Al-Lawzy residential project.
He was also briefed on the three-phased social housing funding programme, which was launched last December, under the patronage of Deputy Prime Minister Shaikh Khalid bin Abdulla Al-Khalifa.
GMT 19:07 2018 Friday ,14 December
Lebanese PM flags up Saudi investment potential, financial tiesGMT 21:16 2018 Thursday ,13 December
Egypt, Algeria sign MoU to increase trade exchangeGMT 12:33 2018 Sunday ,09 December
Egypt's decision to adjust customs' duties on luxury goods to benefit economyGMT 21:03 2018 Wednesday ,05 December
Bahrain's economic delegation concludes successful India visitGMT 10:58 2018 Sunday ,02 December
Egypt’s total public investments record EGP 72 bln in Q1GMT 14:23 2018 Friday ,30 November
Saudi Arabia pledges $50 million to UNRWAGMT 20:20 2018 Thursday ,29 November
Japan funds project to enhance water quality project in Palestinian townGMT 09:50 2018 Wednesday ,28 November
Egypt, Saudi Arabia to strengthen economic ties in coming phaseMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor