ZAWYA: Eskan Bank signs consultancy agreement for the delivery of 72 residential units in Hamad Town and Askar

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Manama, Bahrain – Eskan Bank (EB or the “Bank”) announced the signing of consultancy agreement with Al A'ali Engineering Consultants to provide consultancy services for the delivery of 72 new residential units, comprising 40 units in Askar and 32 units in Hamad Town. The agreement form part of the joint efforts between Eskan Bank and the Ministry of Housing and Urban Planning to implement the Royal Directive of His Majesty King Hamad bin Isa Al Khalifa to accelerate the delivery of the Kingdom's housing projects and the construction of 50,000 new housing units. The projects are being implemented under the directives and close follow-up of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, with the aim of expediting the delivery of housing developments, increasing the delivery of housing projects, increasing the supply of residential units, and providing high-quality housing options that meet the needs of Bahraini citizens.The agreement was signed following the award of a consultancy tender to Al A'ali Engineering Consultants, valued at BHD 48,000, to provide engineering design consultancy services for both projects.Commenting on the agreement, Mr. Ebrahim Jasim, Assistant General Manager of Commercial and Institutional Banking at Eskan Bank, said, "This agreement represent another important step in Eskan Bank's ongoing efforts to support the delivery of housing projects in accordance with the highest engineering standards. Through our continued partnership with the Ministry of Housing and Urban Planning and the private sector, we are working to accelerate project delivery and enhance implementation efficiency in support of the Kingdom's housing objectives.He added, "The projects are intended to diversify the housing options available to citizens eligible for the Ministry's housing finance programmes, including Tasheel, Tasheel+, and the New Mazaya programme. Eskan Bank remains committed to advancing the housing sector by strengthening partnerships with leading national consultancy firms and investing in high-quality design from the earliest stages of each project. This approach contributes directly to improving execution quality, enhancing project efficiency, and delivering integrated residential communities that meet the aspirations of Bahraini families while supporting the Kingdom's ongoing urban development."For his...

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