Published On:October 18 2014
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Bahrain plans $22bn investment in infrastructure.
Bahrain is set to invest up to $22bn (BHD8.29bn) in infrastructure over the next four years, Kamal bin Ahmed, Minister of Transportation and acting chief executive of the Bahrain Economic Development Board (EDB) has revealed.
The projects include the Bahrain International Airport modernisation project, expansion of the Aluminium Bahrain (ALBA) smelter, investment projects in Durrat Al Bahrain, the development of Al Jazair Beach, and the modernisation project being carried out by Bahrain Petroleum Company (Bapco), among others.
'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,' the minister said.
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