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Reading: Bahrain’s $8bln transport expansion project set to drive economic growth | THE DAILY TRIBUNE
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GCC Railway > Bahrain > Bahrain’s $8bln transport expansion project set to drive economic growth | THE DAILY TRIBUNE
Bahrain

Bahrain’s $8bln transport expansion project set to drive economic growth | THE DAILY TRIBUNE

September 25, 2024 1 Min Read
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Bahrain’s $8bln transport expansion project set to drive economic growth
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TDT | Manama

The Day by day Tribune – www.newsofbahrain.com

Electronic mail: ashen@newsofbahrain.com

As Bahrain channels substantial funding into its $8 billion transport infrastructure, key initiatives just like the $2 billion Bahrain Metro Undertaking and the King Hamad Causeway, are set to reshape the Kingdom’s economic system and enhance its regional connectivity.

A report from Mordor Intelligence attributes this enlargement to intensive investments linked to Bahrain’s Imaginative and prescient 2030.

As a part of the 2021 financial restoration plan, over 22 strategic infrastructure initiatives, valued at greater than $30 billion, have been unveiled.

These embody 5 synthetic islands, the vast majority of which will probably be developed by means of public-private partnerships.

The report additionally highlights the current modernisation of Bahrain Worldwide Airport, a $1.1 billion undertaking awarded to Arabtec TAV, a three way partnership involving companies from the UAE and Turkey.

Concurrently, building progresses on the King Hamad Causeway, a brand new rail and street hyperlink that can run parallel to the King Fahd Causeway, enhancing Bahrain’s integration with Saudi Arabia.

Central to the infrastructure growth is the Bahrain Metro, which is able to function a 109-kilometre mild rail community.

See also  Hafeet Rail awards 3 contracts to boost Oman-UAE Rail connectivity

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