‘Investment for Bahrain’s more prosperous future’ | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

  • Date: 25-Nov-2021
  • Source: The Daily Tribune - News of Bahrain
  • Sector:Tourism
  • Country:Bahrain
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‘Investment for Bahrain’s more prosperous future’ | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

The package of new mega projects represents one of Bahrain’s most significant ever injections of capital investment to enhance financial sustainability and economic stability as the Kingdom is well on its way out of the pandemic. The Economic Recovery Plan comprises 22 signature projects across key sectors, including telecoms, tourism, education, housing, manufacturing, health and youth and sports. Among the most prominent projects is the creation of five cities situated on newly constructed islands, increasing Bahrain’s total land area by more than 60%. The new cities are Fasht Al Jarim, Suhaila Island, Fasht Al Adham, Bahrain Bay and Hawar Islands. Fasht Al Jarim, the largest city, will span 183km2 providing a residential, logistics, and tourism hub that will house a new airport. The new 25km, four-lane King Hamad Causeway will facilitate cross border trade and travel with Saudi Arabia and the wider GCC, and strengthen political, strategic, economic, and cultural ties. Within Bahrain, a new metro system will offer travel choices, reduce congestion, and contribute to the Kingdom’s plans to achieve net-zero. The metro network of over 109 km will connect all major population hubs in the country. The 20-station first phase of the metro will run from Bahrain International