NBB funds key Bahrain residential plot under Mazaya 2.0 scheme


NBB funds key Bahrain residential plot under Mazaya 2.0 scheme

Bahrain - The National Bank of Bahrain (NBB) has announced that it will be offering financing solutions for the first plot at AlMsayyan, a key residential development located within the kingdom's integrated residential city, Diyar Al Muharraq, under its social housing finance scheme - Mazaya 2.0.

The funding for the beneficiaries of Mazaya 2.0 scheme is being smoothly implemented in collaboration with the Ministry of Housing and Urban Planning, and the kingdom's Eskan Bank, said NBB in its statement.

The AlMsayyan, launched at the recent real estate exhibition held in Bahrain City Centre, had garnered a lot of interest from both citizens as well as property investors, thanks to its strategic location and other key amenities such as retail units, open green spaces and a mosque in addition to wide parking space.

Eskan General Manager Dr Khalid Abdulla said: "We are pleased to be witnessing the successful outcome of our latest products, Mazaya 2.0 Finance, which aims to increase the number of beneficiaries benefiting from the array of financing solutions across the kingdom."

Owing to the project's attraction, NBB is offering the project under the kingdom's new social housing products, Tas’heel and Mazaya 2.0 Finance, stated Dr Abdulla.

According to him, beneficiaries can opt for