Bahrain launches new infrastructure projects to drive economic growth

10 May 2018
Crown Prince said kingdom will continue to stimulate its economy with projects

Bahrain is launching more infrastructure projects as it continues to drive economic growth in the kingdom.

“We are launching a plethora of projects, initiatives, RFPs to continue to stimulate the growth we have seen over the last three years that has been quite impressive here in the kingdom,” said Bahrain Crown Prince Salman bin Hamad al-Khalifa.

There are $26bn of infrastructure projects being showcased at the Gateway Gulf investor forum being held in Manama from 8-10 May.

The event features investment-ready projects worth $18bn, with another $8bn of projects in the planning stages.

Bahrain is also fast-tracking substantial public and private sector investment projects worth more than $32bn across the manufacturing, logistics, infrastructure, healthcare, education and tourism sectors.

This public-private sector investment consists of $10bn of government funding, $7.5bn under the GCC Development Fund and $15bn-worth of investment in the private sector.

Two of the largest ongoing projects in Bahrain are the sixth potline expansion at Aluminium Bahrain (Alba) and the expansion of the Bapco refinery.

At the end of last year the EDB said investment in Bahrain’s tourism infrastructure had reached more than $13bn.

New four and five-star hotels and resorts are being built to cater to current and future demand. To support these developments, Bahrain International airport is undergoing a $1.1bn upgrade.

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