Bahrain Chamber has proposed establishing a unified fund to support a range of social and charitable initiatives, including the rehabilitation of dilapidated homes and the development of residential areas.
The call came in response to a parliamentary proposal calling for the creation of a dedicated fund, jointly financed by the government and the banking sector, to repair dilapidated homes.
The Chamber suggested that rather than creating separate funds for individual projects, efforts could be consolidated under a single multi-purpose framework to maximise efficiency and improve implementation.
Under the proposal, the fund would support housing rehabilitation projects, neighbourhood development programmes and other community-focused initiatives in co-operation with relevant stakeholders, helping to achieve broader social and development objectives.
The Housing and Urban Planning Ministry noted that citizens already have access to housing renovation financing, which covers reconstruction, maintenance, structural repairs and essential modifications to residential properties.
The ministry said the programme has benefited more than 8,000 citizens since its launch in 2011, with total financing exceeding BD80 million.
Meanwhile, the Finance and National Economy Ministry cautioned that financing a new fund through state budget allocations would place additional pressure on public finances.
It stressed that greater participation by the banking sector and private institutions could strengthen the proposal’s viability and support its implementation through a model based on community partnership.
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