Based on this, the Ministry’s strategy is designed to expand Bahrain’s urban areas in a sustainable way, where every family has the opportunity to create a real home in a safe, sustainable, and integrated community.
Despite operating in a challenging housing landscape, the government of Bahrain, through the Ministry of Housing, has managed to bring affordable housing to the citizens of Bahrain, but more than that has provided Bahrain with full integrated urban areas for tis citizens (including the most vulnerable) being it in existing or new towns, indeed an achievement only few countries in the world have attained.
The Ministry has delivered a large number of housing services to Bahrain’s eligible citizens in particular those in the limited income segment. To date, the Government has invested BD 3.3 billion to fund the provision of over 108,000 housing services which have benefitted almost 65% of Bahraini citizens over the last 40 years.
Bahrain’s solid package of housing services and programs for all limited income Bahraini citizens (including for vulnerable groups) which include integrated town planning, ready-made homes combined with preferential financing, temporary rental units, housing mortgage subsidies, housing loans, waiting list subsidy, neighborhood rehabilitation, underscores a leadership vision which places the citizen of Bahrain at the core of development, and the main recipient of social and economic prosperity.
Through the provision of free residential land and preferential rates for loans and waivers for those who are facing financial hardships, the leadership has waived approximately half a billion Bahraini Dinars in housing services repayments. It is estimated that the government subsidizes around 75% of the actual cost of Social Housing in Bahrain, ensuring the Kingdom is without a doubt a global benchmark for social-centric development strategy. Read More