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Naseej, Ithmaar plan $105m residential project in Bahrain


Naseej, Ithmaar plan $105m residential project in Bahrain
MANAMA, January 13, 2021
Naseej, a leading real estate development company in Bahrain, has signed an agreement with Ithmaar Holding to develop a BD40 million ($105 million) residential project in the northern governorate area of Barbar. 
 
The project, which will come up on a 150,000 sq m area, boasts a total of 400 units - 300 villas and 100 residential plots, thus covering the development of the suburb in its entirety. 
 
It is mainly targeted at the beneficiaries of the Ministry of Housing’s Mazaya programme, said senior officials at the signing ceremony. 
 
The agreement was signed by Ithmaar Holding CEO Ahmed Abdul Rahim and Naseej General Manager Ahmed Mohammed Al Hammadi at Ithmaar Holding’s headquarters in the Seef District in the presence of Naseej Managing Director Mohammed Khalil Al Sayed and Ithmaar Bank Deputy CEO Abdul Hakeem Al Mutawa. ....

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