Plans to expand public-private partnerships to provide social housing services and diversify housing finance options have been discussed at a key meeting.
Housing and Urban Planning Minister Amna Al Romaihi also briefed heads and representatives of real estate development companies and commercial banks on the ‘Tas’heel+’ finance option yesterday.
Applications for the newly-launched housing finance plan will open on Wednesday, as reported in the GDN.
The meeting is part of the executive plan to implement the directives of His Majesty King Hamad to accelerate housing projects and provide 50,000 new units.
Ms Al Romaihi emphasised the government’s commitment, led by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, to strengthening partnership with the private sector to expand housing solutions in line with the Government Plan (2023-2026). The ministry is committed to broadening choices and enhancing service quality for citizens, the minister said.
She highlighted the positive outcomes of the Housing Financing Programme and the Government Land Development Rights Programme, which have provided thousands of immediate housing services to citizens. These results reflect the success of involving the private sector in housing programmes, benefiting from its accumulated resources and expertise in both the real estate and banking sectors.
She noted that ‘Tas’heel+’ will diversify financing options provided by the ministry and Eskan Bank, in co-operation with participating banks, alongside ongoing housing projects by real estate developers through the Government Land Development Rights Programme.
Representatives of real estate companies and banks emphasised their commitment to expanding co-operation to achieve shared objectives and provide additional housing solutions.
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