Bahrain advances with multibillion-dollar infrastructure plan

15 October 2014

Government aims to attract international investors

A total of $22bn-worth of investment is expected to be invested in infrastructure projects in Bahrain over the next four years.

Kamal bin Ahmed, minister of transportation and acting chief executive of the Bahrain Economic Development Board revealed the required level of investment on 14 October, and said the projects will be across various sectors including tourism, industry and infrastructure.

The minister aims to attract foreign companies and banks to support the pipeline of projects. “These are important investments that promised opportunities to international investors as well as strengthening connectivity with the region,” he said in an official statement.

Highlighted projects currently being invested in or seeking further investment include the modernisation of the Bahrain International airport, the development of Al-Jazair Beach, the island city project at Durrat al-Bahrain, the expansion of the Aluminium Bahrain smelter and the modernisation project being carried out by Bahrain Petroleum Company.

Alongside potential foreign investors, government organisations, including the country’s sovereign wealth fund Mumtalakat, will play a key role in supporting the projects.

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