Housing Ministry signs agreement with Al-Namal Contracting and Trading Company to build housing units in Al-Lawzi | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

  • Date: 02-Mar-2021
  • Source: The Daily Tribune - News of Bahrain
  • Sector:Real Estate
  • Country:Bahrain
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Housing Ministry signs agreement with Al-Namal Contracting and Trading Company to build housing units in Al-Lawzi | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

The Housing Ministry today signed the first contract of the pilot phase of the Government-owned lands' development programme, 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.

The agreement was signed by Housing Minister, Bassim bin Yacoob Al-Hamar, and Al-Namal Contracting and Trading Company's Dr Varghese Kurian, in the presence of the Housing Ministry's Undersecretary, Shaikh Khalid bin Hmood Al-Khalifa.

Under the contract, the Al-Namal Contracting and Trading Company will build 132 housing units on government-owned land in Al-Lawzi, including the necessary infrastructure. The units will then be sold to the kingdom's citizens, who are on the waiting lists, by receiving