21104
Bahrain Construction Sector to Grow
World Economy

Bahrain 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.

 

Short URL : http://goo.gl/TjISzp

You can also read ...

Qatar Capable of Overcoming Siege Challenges
Qatar affirmed its ability to overcome the challenges of the...
Apple Inc won guarantees from the Trump administration that its lucrative iPhones would ship from China  without being subject to tariffs.
Big companies in the United States from Amazon.com Inc to...
Japan Inflation Inches Higher
Japan’s inflation picked up slightly in June, largely because...
Today, income inequality in the US is greatest among Asians. Asians displaced blacks as the most economically divided racial or ethnic group in the US.
The rich are getting richer and the poor are getting poorer in...
Argentina Making Fiscal Progress
Argentina is “unequivocally” making progress on its goals to...
State-Actors Likely Behind Singapore Cyberattack
State-actors were likely behind Singapore’s biggest ever...
S&P Affirms Russia’s Stable Outlook
Standard & Poor’s said in a statement on Friday that it...
Growing Inflation Looms Large Over India’s Economy
From rising crude oil prices to a poor start to rice-planting...

Trending

Googleplus