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FINANCIAL NEWS
Bahrain allocates $1.7b for housing services
22 Dec 2010
(MENAFN) Bahrain’s Prime Minister, Prince Khalifa bin Salman Al Khalifa, unveiled the Kingdom’s plans to spend $1.687 billion to bolster housing services and provide allowances for needy families whose homes are being renovated, Trade Arabia reported.
According to Prince Khalifa, the funds will be utilized for the improvement of housing and health services, providing training opportunities and supplying more jobs for Bahraini citizens.
The Premier also revealed plans to upgrade Bahrain’s financial and banking sector, improve the welfare state, enhance the private sector and increase overseas investment.
Moreover, the government is keen on alleviating housing burdens, and in accordance with the housing allowance scheme, it has appropriated an additional $412.3 million, to boost this sector, he added.
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24 May 2023
Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
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