According to the report, this demand will persist throughout the year as more businesses plan to build up to 3,000 homes and apartments, as well as infrastructure, over 1.6 million square meters in Madinat Khalifa have been made public by Bahrain’s Ministry of Housing and Urban Planning. According to Bahrain News Agency, the project will be implemented in partnership with private real estate developers.
Madinat Khalifa is one of the major initiatives under the Government Land Development Rights Program, the ministry emphasized.
The announcement was made on November 4, the last day of the Gateway Gulf Forum in Manama. Sses established themselves in Dubai to benefit from its advantageous location, encouraging business climate, and first-rate infrastructure.
The ministry claims that Madinat Khalifa offers real estate development firms a lot of opportunities to construct homes and apartments while simultaneously offering necessary infrastructure services.
The Government Land Rights Programme, which promotes cooperation between the public and private sectors, includes the development.
In preparation for the impending tendering process and the project’s listing on the Government Land Investment Platform, the ministry stated that the Madinat Khalifa project has undergone a comprehensive technical and financial evaluation.
This project is part of a larger set of projects that are being planned in different Bahraini governorates, and the contracting and tendering stages are still ongoing. According to the ministry, real estate development firms have expressed a great deal of interest in taking part in the Government Land Development Rights Program.
