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FINANCIAL NEWS
Bahrain’s 2012 economy expected to grow 5%
24 Oct 2011
(MENAFN) Bahrain’s Economic Development Board’s CEO, Shaikh Mohammad Bin Eisa Al Khalifa, said that next year, the country’s economy would be forecasted to grow 5 percent, reported Gulf News.
Sheikh Mohammad added that the growth would result from the government’s plans to increase expenditure, in addition to the financial aid the country would receive from other Gulf countries, estimated at USD10 billion over ten years.
He also said that over the coming two years, the Bahraini government would construct 50,000 houses, adding that the fund that would be received from the GCC countries would be used to compensate for the costs of the protests and the unrest that hit the country early this year and to finance infrastructure and housing.
It is worth noting that the protests cost Bahrain around USD2 billion of output, including USD200 million of damage to small-size and medium-size industries.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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