Bahrain invites developers to bid for construction of 700 residential units
The homes will be built under the Government Land Development Programme and consist of three separate tenders for leading developers in the Kingdom
Bahrain’s Ministry of Housing and Urban Planning (MoHUP) has invited three tenders from leading developers to provide design and construction services for a total of 771 residential units under the Government Land Development Programme.
In a statement, the ministry said that the majority of the homes – 491 – 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 will be developed on a 25,000sqm area, it added.
The third tender was floated for the construction of a total of 280 housing units under the Madinat Khalifa Project, which will be built on a 50,000sqm area.
In mid November 2022, the Four Seasons and Bayside Developments launched the Four Seasons Private Residences Bahrain Bay.
As per the tender notification, the winning bidders will be responsible for the design, construction, and funding of all residential units, as well as the hard and soft landscaping services within the project and related secondary infrastructure works.
Once the project has been completed, the developer will pay MoHUP an agreed land value, while MoHUP will provide a buy-back arrangement for units unsold after a sale period of 24 months. The project company will sell these units commercially to Mazaya and social housing loan-eligible beneficiaries, the statement continued.
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.
In late November 2022, Bahrain said it would invest $312mn into new education facilities by 2030.
The minister indicated that last date for submitting the bids for the development of lands allocated for residential apartments will end on 1 March 2023, while the date for submitting bids for the development of lands allocated for residential units ends on 5 March.
“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 US $2.67bn, 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 the 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.
In late December 2021, it was announced that work on the $185mn expansion of the King Faisal Corniche and The Avenues project in Bahrain set for early 2024 completion.
This is in line with the approach of the Government of the Kingdom of Bahrain and Bahrain’s Economic Vision 2030, she concluded.
