The project also covers development of necessary infrastructure works with the project.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…962 | the publication reaches you by | Bahrain News
Speaking about the project, the kingdom’s housing minister, Bassim bin Yacub Al-Hamar said that the Government Executive Committee, chaired by HRH Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister will fulfil all requirements for the project that will contribute to sustainable housing services.
As part of the scheme, private real estate developers will develop the housing units, which will then be sold to the kingdom’s citizens, who are on the waiting lists, by receiving one of the ministry’s financing programmes.
Al-Hamar added that the last date for the developers to submit their bids is 4 March, 2020, so that the construction work commences in May.
The Bahrain News Agency cited Al-Hamar who also said that upon successful completion of the project, similar housing projects will be implemented across other governorates, with a plan to build 15,000 units on state-owned land plots over a 10-year period.
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