Apr 06 2011 |
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April 18th the last date to receive bids from contractors to build villas in Diyar Al Muharraq Affordable Housing Project
_2011_04_05.jpg "April 18th the last date to receive bids from contractors to build villas in Diyar Al Muharraq Affordable Housing Project")
Mr. Abdulhakeem Alkhayyat, the Managing Director and CEO of Kuwait Finance House - Bahrain ( KFH-Bahrain ), announced today, that April 18th will be the last date to receive bids from contractors to construct 200 villas in Diyar Al Muharraq Affordable Housing Project. 14 Bahraini contractors have been invited to participate in this project, which is considered the largest residential project undertaken by the private sector in Bahrain, where between 2,500 to 3,000 crafted affordable housing units will be developed in KFH-Bahrain 's flagship real estate development project Diyar Al-Muharraq, which is planned to be developed in several phases.
It is expected that this project will stimulate several important sectors of the Bahraini economy, especially for small and medium enterprises. The developers will focus on building distinct units in design and detail, with prices not to exceed BD 100,000, depending on the type and size of the housing unit.
Potential buyers can physically view the Mock-Up villas prior to the purchase process once these Mock-Up villas are ready in October 2011 in order to verify the type of interiors they prefer. Furthermore, KFH-Bahrain assures that they will take all necessary steps and measures to avoid any potential future speculation.
About Kuwait Finance House, Bahrain
Kuwait Finance House-Bahrain is a leading provider of Islamic commercial and investment banking services. Established in 2002 as a wholly owned subsidiary of Kuwait Finance House (Kuwait) -- an industry leader for more than 30 years -- KFH-Bahrain specializes in developing and bringing to market the highest quality Islamic compliant banking and investment products, all of which are delivered by a staff of experienced and dedicated professionals with a deep understanding of the market and the clients we serve.
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