Her Excellency Mrs. Amna bint Ahmed Al-Rumaihi, Minister of Housing and Urban Planning, emphasized that the strategy of providing housing services in the Kingdom is based on diversifying housing options and increasing the supply of housing projects with a view to obtaining housing services for the shortest period of time and without waiting periods, The Ministry is working to implement that strategy, which is the way towards the sustainability of housing services through its three lines of action. s Land Development Rights Programme in partnership with the private sector in addition to the course of completion of planned projects in housing towns.
Minister Amna al-Rumaihi said that the GCC's approach is particularly and the majority of the world's private sector partnership pathway to provide housing services to its citizens, Confirms the usefulness of involving this vital sector in plans to provide social housing for citizens and overcome the challenge of growing housing demands, given the sector's considerable experience The GCC States, in partnership with the private sector, commend the state-of-the-art housing programmes offered by the Gulf Cooperation Council (GCC) in partnership with the private sector.
This came when Her Excellency Mrs. Amna bint Ahmed Al-Rumaihi, Minister of Housing and Urban Planning, participated in the ministerial session of the Cityscape 2024 Conference and Exhibition hosted by Riyadh, Saudi Arabia Minister of Housing, Utilities and Urban Communities of the Arab Republic of Egypt, Its interlocutors touched on future strategies for the social housing sector to provide housing services and elements of urban development to develop cities and revive ancient areas.
During the session, Minister Al-Rumaihi reviewed the latest housing plans and programmes in the Kingdom of Saudi Arabia. and the positive results of the Ministry's private sector partnership initiatives in recent years in providing housing services to thousands of Bahraini families through non-traditional pathways, The Housing Finance Programme, the Government's Land Development Rights Programme, This encourages further expansion of these initiatives to provide housing services to citizens without waiting periods.
The Minister added that the way to make these options work requires increasing the supply of housing projects that are commensurate with the value of funding benefiting citizens. s Land Development Rights Programme in partnership with the private sector, The real estate sector is also encouraged to increase the supply of real estate developers' projects at competitive prices and to accommodate citizens' appetite for financing options.
In the context of the Government Land Development Rights Programme, the Ministry has launched 7 housing projects so far. 4 housing projects have been launched in Salman City, in addition to two projects in the areas of Al-Bahir and Hura Sanad, after the completion of the implementation stages of the project "Suhail Al-Haqani" in the Luzi suburb.
In terms of encouraging the private sector to provide projects and increase the supply of units, apartments and residential vouchers, a platform has been developed Betty Real Estate, which brings together all parts of the system relevant to the housing sector from banks and real estate companies in one platform, with the Ministry keen to hold periodic meetings with real estate companies and banks to involve them in the plans and directions of the Ministry, familiarize themselves with their needs and work on the solution of challenges to achieve common goals.
The session also touched upon the theme of the revitalization of the old areas and the requirements and challenges relating to these projects, which represent the centre of urban development of many States, During her intervention, Minister Al-Rumaihi addressed the Kingdom's efforts to implement projects to develop the city of Muharraq. Project for the Development of the Historic Area of Manama Market, implemented by the Ministry and relevant government agencies during the current phase King Hamad bin Isa Al-Khalifa, King of the Great Kingdom of the Country, Preserving the historical and cultural identity of Bahrain's buildings and cities, reviving the Grand Palace of Issa and developing the city of Muharraq in order to preserve its historical and cultural identity; His Royal Highness Prince Salman bin Hamad Al-Khalifa, Crown Prince and Prime Minister of the Council of Ministers, directed the operationalization of the executive plan to preserve the historical and cultural identity of Bahrain's buildings and cities.
In a related context, Her Excellency Mrs. Amna bint Ahmed Al-Rumaihi, Minister of Housing and Urban Planning, held a bilateral meeting with His Excellency Mr. Majid Al-Haqil, Minister of Municipalities and Housing of Saudi Arabia, on the sidelines of the Cityscape Conference and Exhibition
During the meeting, Minister Al-Rumaihi praised the efforts of the Ministry of Municipalities and Housing of Saudi Arabia to provide housing services to citizens. Through the expansion of partnership programmes with the private sector, and its continuous desire to diversify and develop the programs of this track Our sister Kingdom of Saudi Arabia has been able to achieve progress in this regard. Congratulations to His Excellency the Minister of Municipalities and Housing of Saudi Arabia on the Kingdom's success in hosting the Cityscape Riyadh Exhibition and Conference 2024.
