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Bahrain Unveils Projects to Attract Investment

Bahrain Unveils Projects to Attract Investment

Monday, 23 October, 2017 - 09:15
The flag of Bahrain

The Bahraini government announced on Sunday during the Bahrain Government Forum 2017 a package of projects to be implemented next year.

Among these projects: the allocation of 4,800 housing units, the construction of a solar power plant and boosting more investments in infrastructure to develop electrical energy production and expand Bahrain International Airport in addition to establishing Danat.

Bahrain Government Forum 2017 was launched in its second edition under the patronage of Prime Minister Prince Khalifa bin Salman Al Khalifa and in attendance of Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister.

Prince Khalifa said that the government creates achievements, faces challenges, plans for the nation future and wants the government leaders to reinforce this achievement, pioneer in it, accelerate implementation steps and assure that the citizen is the first beneficiary from the government achievements.

The prime minister also lauded the crown prince initiatives in developing the governmental work including the Bahrain Government Forum 2017 -- he added that the government managed to implement a first package of initiatives to reduce expenses and increase oil and non-oil revenues as an implementation of the plan to balance the government expenses and revenues.

Another key highlight was the setting up of a country-wide 25,000 housing unit programme, which has already delivered 15,655 units across different parts of Bahrain in close collaboration with the private sector.

On the infrastructure level, $32 billion infrastructure projects of priority were determined and they will have a positive reflection on the economy, stated the crown prince.

Prince Salman also noted the adoption of the National Renewable Energy Plan, which aims to provide 5 percent of the country’s electricity from renewable by 2025.

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