Wednesday 21 April 2021

Al Namal wins contract to build 132 residential units in Bahrain

MANAMA, March 1, 2021

Bahrain's Housing Ministry has signed up Al Namal Contracting and Trading Company to build 132 housing units and necessary infrastructure on a government-owned land in Al Lawzi area of the kingdom.
This comes as part of the kingdom's government-owned lands’ development programme, being implemented in cooperation with the private sector.
The scheme was launched by the Housing Ministry as one of the initiatives aimed at involving real estate developers and contracting companies to implement social housing projects for the citizens who meet the eligibility criteria.
Signed today (March 1) by Housing Minister Bassim bin Yacoob Al Hamar and Al Namal Contracting and Trading Company’s Chairman Dr Varghese Kurian, the contract is the first of the pilot phase of the government-owned lands’ development programme.
Following its completion, these units will be sold to the kingdom’s citizens, who are on the waiting lists of the ministry’s financing programmes, said the officials at the signing ceremony held in the presence of the Housing Ministry’s Undersecretary, Shaikh Khalid bin Hmood Al Khalifa.
Al Hamar said the programme was launched in cooperation with the private sector as part of efforts to achieve His Majesty King Hamad’s order to build 40,000 housing units. 
The ongoing partnership with the private sector has contributed to delivering more than 7,000 housing services, he noted.
"This scheme is among the top priorities of the government, led by HRH Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister," he added. 
The minister pointed out that following the successful completion of the pilot project, similar housing projects will be implemented across other governorates. 
"We plan to build nearly 15,000 homes on state-owned land plots, which will help provide the beneficiaries with more housing units at competitive prices," he added.


More Construction & Real Estate Stories

calendarCalendar of Events