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Released October 16, 2014 | JOHANNESBURG
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Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Bahrain is investing $22 billion in projects in the infrastructure, industrial and tourism sectors. The projects include the Bahrain International Airport (BIA) modernization project, the development of the Al Jazair Beach tourism facility, the Alba aluminum smelter, and the Bahrain Petrochemical Company (Bapco) refinery modernization project.
View Project Report - 92200031 92200046 92200050 92200049 92200048 92200045 92200044
The modernization of BIA is aimed at increasing the airport's capacity more than 50%, from 9 million to 14 million passengers annually.
Bahrain is targeting 40,000 new housing units in a fast-track plan, which will involve a $7.5 billion investment from the Gulf Cooperation Council (GCC) Development Fund. Government organizations and the Mumtalakat Holding Company, the investment arm for Bahrain's key commercial assets, will play major roles in the implementation of key projects.
Transportation Minister and Economic Development Board Chief Executive Kamal Ahmed said: "These investments promise opportunities to international investors, as well as strengthen connectivity with the region. The projects are part of a wider effort aimed at diversifying the economy, as well as drawing quality investment, in order to support long-term sustainable growth, create quality job opportunities, and increase the standard of living."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
View Project Report - 92200031 92200046 92200050 92200049 92200048 92200045 92200044
The modernization of BIA is aimed at increasing the airport's capacity more than 50%, from 9 million to 14 million passengers annually.
Bahrain is targeting 40,000 new housing units in a fast-track plan, which will involve a $7.5 billion investment from the Gulf Cooperation Council (GCC) Development Fund. Government organizations and the Mumtalakat Holding Company, the investment arm for Bahrain's key commercial assets, will play major roles in the implementation of key projects.
Transportation Minister and Economic Development Board Chief Executive Kamal Ahmed said: "These investments promise opportunities to international investors, as well as strengthen connectivity with the region. The projects are part of a wider effort aimed at diversifying the economy, as well as drawing quality investment, in order to support long-term sustainable growth, create quality job opportunities, and increase the standard of living."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
