The Bahrain government signed contracts for the construction of new homes worth $395 million, expected to be funded by the Gulf Development Program, reported Trade Arabia.
Bahrain’s Housing Ministry, as well as Kuwaiti, Emirati and international contracting companies are responsible for concluding seven contracts. The signing took place under the auspices of Bahrain’s Deputy Prime Minister Shaikh Khalid bin Abduallah Al Khalifa.
Projects will include Kuwaiti-funded ones that will feature 1247 housing units worth $293 million located in East Hidd. Another project for 1,645 housing units and infrastructure work, also in Hidd.
Three other contracts were signed for housing and infrastructure projects funded by UAE for $102 million, according to Construction Week Online.
The Gulf Development Program was praised in the signing ceremony for accelerating projects in parallel with the royal order to provide 40,000 homes for citizens nationwide.