A NEW financing scheme for government housing which raises loan ceiling and increases the age of beneficiaries has been announced.
While doing so, the Cabinet yesterday highlighted the importance of providing suitable housing and efficient services for Bahraini citizens.
His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, chaired the weekly meeting at Gudaibiya Palace.
The Cabinet said the objective of the new scheme is in line with the comprehensive development goals set by His Majesty King Hamad and the directives of HRH the Crown Prince and Prime Minister to develop innovative housing solutions in collaboration with the private sector.
The ‘Tas’heel’ scheme will feature three financing options – ‘Tas’heel Aqari’, ‘Tas’heel Al Bait Al Oud’ and ‘Tas’heel Ta’awon’.
The Cabinet also announced the launch of a new category of the ‘Mazaya’ social housing scheme.
The new finance scheme will raise the minimum and maximum credit limits, as well as the housing finance ceilings, from which citizens may receive direct support from the government.
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The Cabinet directed the Housing and Urban Planning Minister to outline the process for citizens to access the new housing finance scheme, following a memorandum submitted by the Government Executive Committee.
HRH Prince Salman then reviewed the implementation of his directive to assess flood-related damages, compensate those affected by the rainfall in Al Lawzi, and follow up on the steps taken to develop sustainable infrastructure solutions in the area.
He commended the swift efforts of relevant ministries and authorities in this regard, which were included in the memorandum submitted by the Works Minister.
HRH the Crown Prince and Prime Minister also directed the relevant ministries and authorities to follow up on the needs of the governorates during Ashoora. In this regard, he took note of the meeting between the Interior Minister, Hussainiya Processions Authority and heads of community centres in the kingdom.
The Cabinet discussed several memorandums and approved the following:
1. A memorandum submitted by the Government Executive Committee regarding the implementation of a fixed billing system for electricity and water bills, starting from this month.
Under the memorandum, beneficiaries will be able to optionally obtain a fixed bill throughout the year, based on the average electricity and water consumption over the past 12 months.
2. A memorandum submitted by the Government Executive Committee on the plan to further develop the Bahrain Polytechnic and transfer the affiliation of the Bahrain Training Institute to the Polytechnic.
The memorandum aims to promote engagement in vocational education in line with the needs of the kingdom’s labour market.
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