Bahrain’s Ministry of Housing (MOH) awarded the Al Lawzi Housing Project.
The Project has been awarded to Bahrain based construction firm, Al Namal Contracting and Trading.
The value of signed contract is BHD 3,464,137.19 (USD 9,213,130).
Earlier, During October 2020, Al Namal Contracting and Trading was submitted the lowest optional price. (read more)
The Al Lawzi Housing Project, a Government Land Development pilot Programme. The project will be developed by the private sector on Government land. As part of the bid documents, the Project will provide 132 Housing Units with associated secondary infrastructure.
The Developer will sell housing units commercially to Mazaya and social housing loan eligible beneficiaries. Upon completion of the project, the developer will pay MoH an agreed Land value.
MoH will provide a buy-back arrangement for units unsold after a 24 months Sale Period.
Read Also: Bin Omairah secures a contract of $13.8 million for Lawzi Housing Project’s Access Roads
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