Achievements of the Ministry - 1979 - Establishing the Housing Bank
Establishing the Housing Bank
The housing bank was established in 1979, with the aim of
providing real-estate financing for citizens with low and middle income. The
housing bank succeeded in achieving growth and development, and became a strategic
partner to the Ministry of Housing, in regards to providing comprehensive and
sustainable housing solutions for the Kingdom of Bahrain.
The housing bank is completely owned by the government of the
Kingdom of Bahrain, and is considered the strategic partner and economic
advisor to the Ministry of Housing. The ministry and the bank work together to
create innovative solutions for the housing sector on a global level. It
doesn't just provide high quality housing units for Bahrainis in a safe society,
it also supports the government financially to achieve innovation and economic
growth, and enhance efforts to achieve sustainable economic development for the
Kingdom of Bahrain.
The housing bank has a vital role in supporting the kingdom’s
economic vision 2030, through comprehensive and innovative solutions, in
cooperation with government authorities, Bahraini banks, and private sector
institutions.
The exceptional nature of the housing bank being a social bank,
is proven in its ability to succeed in difficult times. The bank developed to
become the link between financiers, real-estate agents, developers and buyers,
thanks to an innovative and comprehensive ecological system, continuously
updated to implement housing solutions of international standards that provides
high quality housings with exceptional designs in vital societies.
The bank is contributing today more than any time before in
meeting its goals successfully as well as achieving sustainable housing goals.
As we walk towards the future, our main focus will be on improving government
resources, reducing errors and find intelligent models that provides greater
support, meets the housing needs of citizens and offer them high living
standards.
