Bahrain receives lowest bid of $25million for Al Lawzi Housing Project

Bahrain’s Ministry of Housing (MOH) announces the bid results for Al Lawzi Housing Project. The Project will provide 132 Housing Units with associated secondary infrastructure.

Earlier during May 2020, a total of four (4) Bidders submitted the proposals to the Ministry. (read more)

Upon technical evaluation, the Ministry announces the bid results. Bahrain based construction firm, Al Namal Contracting and Trading has submitted the lowest bid.

Al Namal Contracting and Trading has submitted the optional price of BHD 9,603,862.808 (USD 25,542,188)

The Al Lawzi Housing Project, a Government Land Development pilot Programme. The project will be developed by the private sector on Government land.

The Developer will sell housing units commercially to Mazaya and social housing loan eligible beneficiaries.

Upon completion of the project, the developer will pay MoH an agreed Land value.

MoH will provide a buy-back arrangement for units unsold after a 24 months Sale Period.

Read Also: Bin Omairah secures a contract of $13.8 million for Lawzi Housing Project’s Access Roads

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