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15-10-14

Bahrain to invest USD22b on infrastructure projects

(MENAFN) Bahrain announced it is planning to invest USD22 billion in infrastructure over the next four years which will include various sectors, Saudi Gazette reported.

The projects include modernizing the Bahrain International Airport, the development of Al Jazair Beach, investment projects in Durrat Al Bahrain, the expansion of the Aluminum Bahrain (ALBA) smelter, and the modernization project being carried out by Bahrain Petroleum Company (Bapco), as well as other projects which as a whole are expected to help boosting the country's economy, as well as providing opportunities for Bahrain's citizens, and strengthening the Kingdom's regional competitiveness.

"These are important investments that promise opportunities to international investors as well as strengthening connectivity with the region. The infrastructure projects are part of a wider effort by the Kingdom, which aim at diversifying the economy, as well as drawing quality investment, in order to support long term sustainable growth, create quality job opportunities, and increase the standards of living," Minister of Transportation and Acting Chief Executive of the Bahrain Economic Development Board (EDB) said.

One of these projects, which aim at modernizing The Bahrain International Airport, is currently underway at the Bahrain International Airport and will result in increasing the airport's capacity from 9 million to more than 14 million passengers.

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