As part of the implementation of the directives of His Majesty King Hamad to accelerate housing projects to deliver 50,000 new housing units, Housing and Urban Planning Minister and Eskan Bank’s board of directors chairperson Amna Al Romaihi held a meeting with heads and representatives of property development companies and commercial banks in Bahrain.
The meeting discussed means to expand co-operation to provide social housing services and diversify housing and financing options in line with citizens’ needs, within the framework of enhancing the partnership of the public and private sectors.
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 enhancing partnership with the private sector as part of its sustainable development strategy under the Government Plan (2023-2026).
She noted that this approach supports stability in the real estate sector, expands housing and financing options, and improves the quality and speed of housing services.
She underscored that housing finance programmes and the Government Land Rights Development Programme are central to social housing policy, offering more flexible options and significantly reducing waiting times.
The minister noted that the Government Land Rights Development Programme has accelerated project delivery by partnering with developers to utilise government land, providing high-quality housing at subsidised prices. The success of completed projects under the programme supports plans to expand it further.
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