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Investor Relations
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FinancialNews
15-01-18
Bahrain infrastructure spending to push non-oil sector development
(MENAFN) NBK Economics' recent report excepted non-oil growth in Bahrain to stay flexible over the following two years while GCC investments maintain a superior infrastructure spending, offset oil sector weakness and preserve an overall growth close to 3%.
The report also estimated Bahraini oil sector output to stay flat as a result of the OPEC oil production cut, while further oil output cut is to possibly be carried out this year with the compliance 54% rate of last year.
Despite 2018 flatness, 2019 is expected to bring 1.4% growth in oil activity with a latest 350,000 barrel daily offshore oil pipeline linking Bahrain to Saudi Arabia, replacing the present 230,000 barrel daily pipeline.
MENAFN1501201800450000ID1096350470
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