Bahrain has set an ambitious target to build more than 7,000 housing units within the next two years and deliver them to the beneficiaries across the kingdom as part of the first phase of the Government Land Rights Development Programme (GLDP) project, reported BNA, citing the kingdom’s Housing and Urban Planning Minister.

Unveiling the mega plan, Amna Al Romaihi said these properties were part of 11 housing projects that were being fast-tracked to benefit citizens. She added that several projects, being implemented under the GLDP in partnership with the private sector, were making rapid progress and hundreds of residential units are likely to be delivered by the year-end.

Al Romaihi said the 131-unit Al Naseem project in Salman City, executed in partnership with Delmon Gate, stands 79 per cent completed, while the Al Wadi project in Buhair, executed by Al Saraya Company, has achieved a completion rate of about 59 per cent, and the Hoorat Sanad project, executed by Al Naml Group, around 15 per cent.

On the 76-unit Al Wadi project in Buhair, the minister said work is moving at a steady pace with the concrete structure of several units fully completed. The project is coming up on a 20,000-sq-m area.

On the 47-unit Hoorat Sanad project coming up on a 10,000-sq-m area, Al Romaihi said it is currently at the foundation stage. 

The minister noted that tenders recently issued for projects have seen increased interest from real estate development companies in Bahrain. Four top real estate companies have signed MoUs for the implementation of the Khalifa City project, featuring more than 3,000 housing units and apartments, she added.