Bahrain set for $2.5 billion spending spree
Bahrain is planning on spending at least $2.5 billion on infrastructure, including major road networks and construction over the next decade, accoding to a report in Gulf Daily News Works minister Essam Khalaf told the newspaper that the money will allow the Alba and Nuwaidrat interchange project to be completed. The Gulf state will also build six new schools while it develops its […]
Construction in Bahrain is recovering following the Arab Spring disruption
Bahrain is planning on spending at least $2.5 billion on infrastructure, including major road networks and construction over the next decade, accoding to a report in Gulf Daily News
Works minister Essam Khalaf told the newspaper that the money will allow the Alba and Nuwaidrat interchange project to be completed. The Gulf state will also build six new schools while it develops its road systems
Much of the funding will come from the $10 billion GCC Marshall Plan which is designed to aid the once vibrant Bahraini economy
“These projects and many others will be financed by funds from the GCC, of which Bahrain is to receive $10 billion in the next 10 years,” Khalaf said. “This is in addition to what we will get from our own annual budgets.”
