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.
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more