Bahrain’s $30 billion strategic projects plan includes offshore cities, metro By Reuters – Investing.com

Bahrain’s $30 billion strategic projects plan includes offshore cities, metro By Reuters – Investing.com

DUBAI (Reuters) - Bahrain said on Wednesday it intends to build five offshore cities, tourism projects and trade and transport infrastructure within an economic growth and fiscal balance plan announced last month.

The announcement gives detail to a broad strategic projects plan announced on Oct. 31 that the small Gulf state said would catalyse over $30 billion of investments. No details have been given yet on the source of funding.

With the five planned cities off the coast at Fasht al-Jarm, Suhaila Island, Fasht al-Azem, Bahrain Bay and the Hawar Islands, the island state with a population of around 1.5 million expects its urbanized area will expand by 60%.