Housing scheme benefits 8,000 Bahraini families

“Mazaya” is a social housing finance scheme between the Housing Ministry and banks

  

More than 8,000 Bahraini families have so far benefited from the social housing scheme (Mazaya).

Housing Minister Bassem Al Hamer stressed the importance of the programme which aims to provide citizens with flexible and decent solutions that meet their needs.

“Mazaya” is a social housing finance scheme between the Housing Ministry and banks whereby beneficiaries have the opportunity to own their homes through a real estate finance facility subsidised by the government.

Real estate developers have provided 84 housing projects in various areas of Bahrain.

The ministry said that the projects yielded by the Mazaya scheme have exceeded BD880 million.

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