FINANCIAL NEWS

Bahrain to press on with key infrastructure projects

15 Feb 2017

(MENAFN) Bahrain committed to pressing on with key infrastructure projects, despite a challenging economic climate.

Accordingly, in Q3 2016, growth was led by the non-oil sector, with a 4.7 percent, which was driven by the construction sector, which increased by an annual 7.2pct.

Moreover, the hospitality sector and luxury segment also continues to see growth in development, while 2015 announcement of the influx of 4-star and 5-star hotels continued in 2016.

In addition, the positive development in the country has raised concerns over if the demand will be able to absorb the increase in stock.

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MENAFN1502201700450000ID1095249513

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