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Article: Low-cost housing rolled out; King Hamad puts weight beyond low-cost housing schemes.(BAHRAIN)(King Hamad bin Isa al-Khalifa )(Brief article)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- December 22, 2006
CopyrightCOPYRIGHT 2006 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The government is planning to allocate as much as BD 300 million ($790 million) to affordable housing through the construction of new units and financial relief to homebuyers. The measures, announced by King Hamad bin Isa al-Khalifa to mark National Day on 16 December, are part of a growing drive to ease housing shortages in the kingdom.
The housing construction programme is due to include the phased addition of 13,500 units. Several major projects are already under way; the biggest being the estimated $4,000 million North Bahrain New Towns scheme. Awards are expected early in the new year of the four infrastructure consultancy contracts, following the submission ...