Bahraini housing minister sheikh Khaled bin Abdullah al Khalifa said Wednesday that housing grants of the emir of Bahrain to over 30, 000 Bahraini families amounted to over 172 million Bahraini dinars.
The ministry of housing will begin handing out property deeds to over 6,000 beneficiary families right away, he said, according to the official news agency GNA.
These families will get their homes free and clear of any more mortgage payments, he said, adding that the emiri grants aimed in general to reduce or eradicate mortgage payments of these families. The grants were announced on Tuesday by the emir himself sheikh Hamad Ben Issa Al Khalifa.
Moreover, the housing minister disclosed that a project involving the establishment of four new towns would be forthcoming in order to absorb the housing demands of the expanding Bahraini population.
The four towns would be located near Muharrq, Manama, and Sitra regions and would address the housing needs of about 50,000 families, he said.
The government, he said, is doing its utmost to accommodate the housing requirements of all of its citizens, be that! through reduction of mortgage payments, or writing off such payments altogether, or building new towns and neighborhoods. (Albawaba.com)
