May 27 2012
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Manara eyes PPP model for housing
Sunday, May 27, 2012
Manara Developments is keen on partnering with public sector as part of a strategy aims at making affordable housing dream a reality.
This was stated by Managing Director of Manara Developments Dr. Hassan Al Bastaki following a keen interest shown by the Deputy Prime Minister Shaikh Khalid bin Abdulla Al Khalifa, in the ongoing developments as well upcoming projects.
He said Manara would continue to seek projects as public private partnetship especially in the affordable housing projects. “The feedback from the Deputy Premier during the opening of Bahrain’s Real Estate Exhibition (BAPDEX 2012) paves the way for us to actively work towards fulfilling our objectives in line with the leadership vision,” he added. The Deputy Premier in a statement after the opening of the Expo reiterated the importance of an active partnership between the private sector and the government projects, as the integration between these two counterparts aids the sector’s development towards a collaborative fulfillment of the sector’s development plans.
“Manara is implementing a clear and flexible strategy, as it continuously seeks to fulfill the needs and requirements of its target market through input from its prospective customers, especially those of the middle to limited income segments,” he said. “The mid and low income segments are our main focus, in addition to the governments particular attention to providing this segment with appropriate housing in terms of price, space and services,” Al Bastaki, added.
By Mahmood Rafique - www.twentyfoursevennews.com
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