BAHRAIN: The ministry of housing has signed the first public-private partnership agreement for social housing units with real estate and infrastructure development company, Naseej, to build 4,100 housing units at a cost of BHD208 million (US$550 million).
Key shareholders of Naseej include Bank of Bahrain and Kuwait, Eskan Bank, Faisal Islamic Bank of Egypt Gulf Finance House, Ithmaar Bank, Ithmaar Development Company, Khaleeji Commercial Bank, Palm Capital and the Social Insurance Organization of the Kingdom of Bahrain.