Latest news with #AmnabintAhmedAlRumaihi
Bahrain News Gazette
24-04-2025
- Business
- Bahrain News Gazette
Housing Minister Meets CMEC Chairman to Discuss Development Projects
Manama: Amna bint Ahmed Al Rumaihi, Minister of Housing and Urban Planning, met with Wang Bo, Chairman of China Machinery Engineering Corporation (CMEC), on the sidelines of the Innovation Summit in the Social Housing Sector. The meeting aimed to further develop cooperation following the recent memorandum of understanding to develop over 3,000 housing units in Khalifa City under the Government Land Development Rights Programme. The minister emphasized the programme's importance in enhancing public-private partnerships to improve housing services for citizens. According to Bahrain News Agency, discussions also highlighted the progress of ongoing partnership projects, particularly focusing on CMEC's involvement in executing phases of the Sitra housing development. Additionally, the meeting reviewed the outcomes of the minister's recent visit to the People's Republic of China, which aimed at bolstering bilateral cooperation in housing initiatives. Wang Bo praised the Innovation Summit for its role in creating new partnership opportunities with the government and supporting Bahrain's housing initiatives. This collaboration is expected to significantly contribute to the country's housing development goals.
Biz Bahrain
24-04-2025
- Business
- Biz Bahrain
Housing Minister announces new housing programmes during Innovation Summit
Amna bint Ahmed Al Rumaihi, Minister of Housing and Urban Planning, announced four new housing programmes aimed at accelerating project implementation and expanding affordable housing options in partnership with the private sector. The announcement was made during the opening of the Innovation Summit in the Social Housing Sector, held under the patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, from April 23-25. The new programmes support the royal directive to provide 50,000 housing units. The minister introduced the Tamooh (Ambitions) programme, which offers eligible beneficiaries of the 'Tas'heel' and 'Tas'heel +' financing schemes an additional BHD 20,000 ten years after receiving their main housing loan, allowing for future housing upgrades. She also launched the 'Off plan Sales' programme, which allows developers to begin selling housing units before construction is completed, enabling citizens to reserve units early and secure financing in advance. This model is being applied to the 'Hai Al Naseem' project in Salman City and the 'Al Wadi' project in Buhair, both now open for reservations. The 'Private Land Development Rights' programme was also announced, enabling private developers to build housing projects on their own land for citizens benefiting from housing finance, with government support provided for project facilitation and marketing. In addition, the ministry unveiled the second version of the 'Bayti' platform, now featuring online reservation and contract signing, integrated with the upgraded eKey system and a digital financing calculator. The minister confirmed a memorandum of understanding with local and international companies, including Naseej, CMEC, Ritaj, Almoayyed, and WCT Berhad, to construct nearly 3,000 units in Khalifa City, marking the largest development under the government land programme to date. She also announced the start of applications for the new 'Tas'heel +' financing option, which provides up to BHD 91,000 for eligible citizens, with flexible repayment terms tailored to income levels. For more information on the new programmes and available housing options, citizens can visit the ministry's pavilion at the exhibition, which runs until April 25. BNA(R)
Bahrain News Gazette
18-04-2025
- Business
- Bahrain News Gazette
Housing Ministry and Eskan Bank Secure Platinum Sponsorships for Innovation Summit in Social Housing 2025
Manama: The Ministry of Housing and Urban Planning and Eskan Bank have signed platinum sponsorship agreements for the upcoming Innovation Summit in Social Housing 2025. The event will be held under the patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, from April 23-25 at Exhibition World Bahrain. According to Bahrain News Agency, Amna bint Ahmed Al Rumaihi, Minister of Housing and Urban Planning, highlighted the importance of public-private partnerships in promoting innovative social housing solutions and expanding financing and real estate options for beneficiaries. She noted that the summit builds on national efforts to improve housing services through closer cooperation with the private sector. The agreements were signed with senior executives representing sponsoring institutions, including Usman Ahmed, Group Chief Executive Officer of the National Bank of Bahrain (NBB); Fatema Al Alawi, Chief Executive Officer of Bahrain Islamic Bank (BisB); Yaser Alsharifi, Group Chief Executive Officer of Bank of Bahrain and Kuwait (BBK); Ahmed Ali Alammadi, Chief Executive Officer of Diyar Al Muharraq; Yousif Bucheeri, Chief Executive Officer of Bareeq Al Retaj; and Abdullah Ali, Chief Executive Officer of Dilmunia Gateway. The Minister expressed appreciation to all participating partners, noting their commitment to innovation and belief in the importance of public-private collaboration in advancing Bahrain's social housing sector. She added that the next phase will witness expanded opportunities for private sector participation in delivering housing services, in coordination with Eskan Bank, through the implementation of outcomes and recommendations emerging from the summit and its accompanying exhibition. NBB Group CEO emphasised the importance of the summit's focus areas in developing the social housing sector. He underscored the bank's commitment to corporate social responsibility and supporting national development through public-private cooperation. Al Alawi highlighted BisB's support for the summit as part of its efforts to provide innovative housing solutions that align with government housing strategies. Alsharifi underscored the bank's commitment to backing national community initiatives and expressed pride in contributing to the event's discussions to promote a more inclusive and sustainable future for social housing. Alammadi emphasised Diyar Al Muharraq's pride in supporting the event, which supports forward-looking thinking and innovation in urban development. Bucheeri emphasised Bareeq Al Retaj's commitment to advancing innovative real estate initiatives and its priority in participating in dynamic platforms that promote knowledge exchange. CEO of Dilmunia Gateway reiterated the company's commitment to supporting national initiatives aimed at improving housing standards and access through innovative real estate solutions aligned with the objectives of the conference. The Innovation Summit in Social Housing 2025 will bring together key local, regional, and international stakeholders to discuss topics including cutting-edge construction designs and technologies, investment opportunities for the private sector in social housing, community-driven housing programmes, legal and regulatory frameworks, and sustainable urban land use. The accompanying exhibition will showcase the latest real estate projects from developers and financing institutions offering 'Tas'heel' and 'Mazaya – New Category' schemes. Citizens will have the opportunity to explore available projects, financing offers, and dedicated pavilions of the Ministry and Eskan Bank.
