Bahrain Targets Three Giant Projects in Transportation System

Bahrain Targets Three Giant Projects in Transportation System
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Bahrain Targets Three Giant Projects in Transportation System

Bahrain Targets Three Giant Projects in Transportation System

Bahrain's transportation and telecommunications minister Kamal bin Ahmad said that his country is working on three giant projects; King Hamad Causeway, the train project, and Bahrain International Airport.

He affirmed that the first phase of King Hamad Causeway, connecting Bahrain to Saudi Arabia, is going as planned and is expected to be completed in September 2019.

Bin Ahmad told Asharq Al-Awsat newspaper that a bid was issued to appoint the main advisor of the project to develop the bridge and the railway between Saudi Arabia and Bahrain. He added that with the completion of King Hamad Causeway and the railway there will be a transitional leap in the transportation sector.

The project will reinforce individuals’ movement and will provide several destinations for transportation – subsequently, this would positively reflect on the national economy and would develop new patterns of transportation as well as create job opportunities.

He continued that the project to upgrade the airport grants Bahrain a wider airport that is capable of assimilating a greater number of passengers – the airport will also be equipped with facilities that give travelers unique and world-class services and experiences.

Commenting on Bahrain International Air Show, the minister said that the space of the exhibition was 100% doubled this year. This year’s edition has witnessed a record raise on several levels in which the rate of participating firms reached 47 percent.

This year’s edition of Bahrain International Air Show 2018 witness the attendance of 187 companies – the event will provide a hall for exhibitions offering around 120 platforms for companies to be able to showcase their latest products and commodities in the aviation field.



Saudi Arabia, Djibouti Sign Agreement to Promote, Safeguard Investments

The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
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Saudi Arabia, Djibouti Sign Agreement to Promote, Safeguard Investments

The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA

Saudi Arabia and Djibouti have signed an agreement to encourage and protect mutual investments, marking a significant step in enhancing economic cooperation between the two nations.
The agreement was signed by Saudi Minister of Investment Khalid Al-Falih and Djiboutian Secretary in Charge of Investment and Development of the Private Sector Safia Mohamed Ali Gadileh during the 28th World Investment Conference in Riyadh, SPA reported.

The event is being held under the patronage of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister.
Both officials praised the agreement, emphasizing its importance in fostering collaboration between the private and government sectors of both countries. They highlighted the agreement’s role in supporting the ambitious investment initiatives currently being pursued by the Kingdom and Djibouti.
The agreement is designed to create a secure and attractive investment environment by offering key advantages such as investment protection, national treatment, fair and equitable treatment, transparency, and access to national courts or international arbitration for dispute resolution.
By ensuring these safeguards, the agreement aims to increase the volume of mutual investments across various sectors and strengthen economic ties between the two nations.