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Sun 29 Jan 2017 02:58 PM

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Bahrain awards $150m contracts for housing project

Four construction companies were awarded construction contracts to build 1,265 housing units, as part of the Al-Ramli housing project, in Bahrain

Bahrain awards $150m contracts for housing project
The construction contract was awarded to Al-Mezeal Construction and Services, Luqman Al-Haddad Construction Company, Mohammed Saif Ajlan Al-Mannai, and Al-Nisr Construction Company.

The government of Bahrain has signed a multi-million dollar contract with the Saudi Development Fund (SDF) to build 1,265 units in the Al-Ramli housing project.

The Ministry of Housing signed the construction contracts in a package worth $150m (BHD56.7m), according to Bahrain News Agency (BNA).

The construction contract was awarded to Al-Mezeal Construction and Services, Luqman Al-Haddad Construction Company, Mohammed Saif Ajlan Al-Mannai, and Al-Nisr Construction Company.

The ministry had already signed an agreement with SDF to construct 1,560 units in phase 1 of the Southern Town project in package costing $152.8m (BHD57.6m), as part of the Gulf Development Plan.

"The projects feature on the Government Action Plan (GAP) to construct 25,000 units, in line with the royal order issued by His Majesty King Hamad bin Isa Al-Khalifa to provide 40,000 units,” a minister was quoted saying.

Bassim bin Yacoub Al-Hamer, Bahrain’s Housing Minister, sealed the agreements along with the constructions companies.

The signing ceremony was attended by Sheikh Ahmed bin Mohammed Al-Khalifa, Bahrain’s Minister of Finance; Dr Abdulla bin Abdulmalik Al-Sheikh, Saudi Ambassador to Bahrain; and SDF representatives.

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