01 June 2021

Leading Bahrain bank Al Salam has signed an agreement with Eskan Bank to offer competitive property financing facilities to clients for the purchase of their dream homes within the Danaat Al Baraka development under Bahrain’s Mazaya social housing scheme.

A major residential project located in the Jannusan area, Danaat Al Baraka boasts 211 villas with a total built-up area of 234 sq m. All villas encompass comprehensive features designed to meet the needs of a modern family. Distinguished by four contemporary designs, each villa features four bedrooms, two living areas and equipped with the latest facilities.

As per the MoU signed with Eskan and the Ministry of Housing, Al Salam Bank will help facilitate the process of purchasing a villa in Danaat Al Baraka for eligible Bahraini citizens under the Mazaya scheme.

On the strategic deal, Al Salam Bank Bahrain CEO Rafik Nayed said: “The Mazaya scheme is a significant initiative that elegantly offers housing solutions to eligible applicants, and Al Salam Bank facilitates highly efficient and flexible financing processes, thus streamlining the delivery and handover of homes. We look forward to continuing our joint initiatives and active collaboration with the Ministry of Housing and Eskan Bank.”  

• Bahrain launches tender for F1 circuit solar project
• Kingdom’s Q1 property deal volumes surge 36pc to $600m
• Al Salam Bank, Eskan tie up for villas project
• $221m expo centre work on track
• Euro Motors opens revamped BMW showroom
• Infrastructure workload increases again
• MH Al Mahroos enters partnership with Toro
• Oman invites bids for development of ports
• Bahrain wastewater plant makes headway
• Siemens Energy to rebuild 400kV Iraq super grid station
• In brief

Tags

Kuwait Lifts & Escalators Railways & Metros Quarrying Forklifts & Access Equipment Focus: MEE Just Out Expo Countdown Regional News Saudi Focus UAE Focus Events Legally Bound Architecture & Design Real Estate Contractors Interiors Tenders Manufacturers & Procurement

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.