Bahrain's $551M Public-Private Deal Targets Housing Pinch

Law360, New York (January 3, 2012, 3:33 PM EST) -- The government of Bahrain has launched a $551 million deal with a private developer to build more than 4,000 residential units across the country to ease a housing shortage, officials said Tuesday.

The public-private partnership agreement with real estate and infrastructure development company Naseej BSC is the first step toward fulfilling a government pledge in March to work with private developers to build 50,000 new homes over the next five years.

“We certainly want to use our own resources in mega developmental projects and encourage private-sector...
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