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Bahrain reveals $1.54bn plan to build 16,000 new homes
- Bahrain: Monday, December 10 - 2012 at 04:52
Bahrain's Shura Council has announced plans to spend BD580m ($1.54bn) over two years to building 16,000 residential units in the kingdom, Gulf Daily News has reported. The plan is part of a strategy drawn up by the housing ministry to build more than 50,000 units and clear applications piled over the past five years, said Shura Council financial and economic affairs committee chairman Khalid Hussain Al Maskati. "The massive project will be funded through the new state budget and the GCC Marshall Plan," said Al Maskati.
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