May 13, 2018 Home GCC Bahrain Bahrain turns to private sector for social housing Bahrain turns to private sector for social housing 13 May 2018 12: 12 PM By Colin Foreman bahrain ppp social housing One of the three components of the PPP Project. Jennings O'Donovan The project involves the delivery of more than 4100 housing units of which 3110 alone are social housing units with a total cost in excess of US550 million.
Although it also has other property interests including an 8000unit social housing project in Morocco, Naseej was created to address the housing issue in Bahrain and its shareholders include the kingdoms biggest mortgage provider Eskan Bank, as well as Ithmaar Bank, Khaleeji Commercial Bank, Faisal Islamic Bank of Egypt, Ibdar Bank, Palm Capital, Ithmaar Development Company, Gulf Finance House bahrain ppp social housing
The social housing sector is abounding with opportunities for the private sector through PublicPrivate Partnerships (PPP). Yesterday, Housing Minister Basim Alhamer revealed that the ministry is working harder than ever at producing social housing units for the 50, 000 wait listed Bahrainis in the National Housing Waiting List. Unlike before when we were producing only hundreds [ Mazaya is a new program being introduced by the Ministry of Housing (the Ministry) in collaboration with the private sector for the provision of social housing for citizens who are listed on the Ministry of Housing waiting lists (the Program). The idea of the Program is to assist housing waiting list beneficiaries to purchase PublicPrivate Partnership In 2012 the Bahraini government signed its firstever housing PPP with Naseej Properties. The landmark BD208m (551. 2m) agreement will see 2800 affordable and social housing units constructed on the reclaimed Al Madina Al Shamaliya islands (also known as the North Bahrain New Town) and Al Luwzi by 2017. bahrain ppp social housing The PPP project involves the development of more than 2, 800 social and affordable housing units in two strategic locations: Al Madina Al Shamaliya and Al Luwzi. It is the largest housing project ever The Bahrain Affordable Housing Public Private Partnership (PPP) project is the first of its kind in the Gulf region, and is the biggest project undertaken by the Kingdom of Bahrains Ministry of Housing. Bahrain The project's scope of work consist of a mixeduse development located in Bahrain. The project includes the development of social and affordable housing in the Kingdom of Bahrain on two sites which is being developed through a between the Ministry of Housing and a