World Economy

Bahrain Construction Sector to Grow

Bahrain Construction Sector to GrowBahrain Construction Sector to Grow

Real growth in Bahrain’s construction industry is on track to average 3.6% up to 2018, buoyed by government investment in infrastructure and social housing, a report said, TradeArabia reported. This is an improved outlook on a year ago, according to the research firm BMI, a part of Fitch Group. The Bahrain government has planned infrastructure projects worth $4.4 billion in the coming years, financed out of a $10 billion 10-year fund pledged by the (Persian) Gulf Cooperation Council for the country in 2011. Housing construction has been allocated $2.2 billion from 2015-17, while the remaining half will be channeled towards water and power sectors.