Public Private Partnership Projects
The Ministry of Housing signed its first Public Private Partnership (PPP) with real estate and infrastructure development company Naseej on the 2nd of January, 2012. The five-year PPP agreement encompasses building 3,110 social housing units and more than 1000 affordable homes across three different locations: North Bahrain New Town, Al Buhair, and Al Lawzi.
The BD 208 Million deal, which is the first of its kind in the Gulf, aims to provide cheaper housing to needy citizens within three years and help reduce the government's waiting list. This project is the biggest undertaken by the ministry thus far, and the ministry will continue cooperating with the private sector in order to eliminate the housing waiting list.