Bahrain invites bids for over 700 new residential units


Bahrain's Ministry of Housing and Urban Planning (MoHUP) has invited three separate tenders from leading developers to provide design and construction services for a total of 771 residential units under the Government Land Development Programme.
Of this, the lion's share of 491 homes will be developed under the Madinat Salman Project - with the first tender issued for a set of 360 residential units and the second for 131 units - each being developed on a ​​25,000 sq m area. 
The third tender was floated for the construction of a total of 280 housing units under the Madinat Khalifa Project. These residences will come up on a ​​50,000 sq m area.
In its tender notification, the ministry said the winning bidders will be responsible for the design, construction and funding of all residential units in addition to hard and soft landscaping services within the project and related secondary infrastructure works. 
Upon completion of the project, the developer will pay MoHUP an agreed land value, while MoHUP will provide a buy-back arrangement for units unsold after a 24 months sale period, it stated.
The project company will sell these units commercially to Mazaya and social housing loan-eligible beneficiaries, it added. 
Amna bint Ahmed Al Rumaihi, Minister of Housing and Urban Planning, confirmed that her ministry had allocated three land plots for the development of 771 housing units and apartments in partnership with the private sector.
The minister indicated that last date for submitting the bids for the development of lands allocated for residential apartments will end on March 1, 2023, while the date for submitting bids for the development of lands allocated for residential units ends on March 5.
"These projects represent the first phase of the government land rights development programme, which includes in its master plan a timetable for the development of 19,000 housing units in partnership with the private sector, at a total investment value of BD1 billion ($2.67 billion), noting that all units of these projects will be at competitive prices," stated Al Rumaihi.
She pointed out that with the launch of the first package of government land development rights programme projects, the ministry would have started a new phase in the path of strengthening partnership with the private sector to develop social housing projects in the kingdom.
This is in line with the approach of the Government of the Kingdom of Bahrain and Bahrain's Economic Vision 2030, she added.-TradeArabia News Service

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