Bahrain issues $956m tenders
01 April 2016
Bahrain issued 95 tenders worth BD363 million ($956 million) last year to build hundreds of residential units in the kingdom as part of the government’s housing plan, said a report.
The number of projects funded by the general state budget had increased by six per cent in 2015 over the previous year, reported the Bahrain News Agency citing the Minister of Housing Bassem Al Hamer.
A total of 51 tenders worth BD168 million ($442 million) have already been awarded, stated the minister at a Cabinet session last month, which reviewed steps taken as part of the government’s housing action plan.
The other projects, funded by the GCC Development Programme, have also been put out to tender, stated the minister.
These include the first phase of the 1,580-unit Southern Governorate project; the second phase of the 577-unit Northern City project; the 389-unit Hidd project; and the 746-unit Phase Two of the Sitra project, he added.
The minister’s report also highlighted the social and economic housing projects implemented by public and private sector partnerships in the kingdom.
These include 1,618 social housing units and 368 economic housing units in the Northern Town, besides the 832 social housing units in Al Lawzi region worth BD162 million ($427 million), which are 25 per cent complete.
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