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FINANCIAL NEWS
Bahrain’s non-oil sector to boost GDP by 4.4 percent in 2014
30 Jun 2014
(MENAFN) A number of major infrastructure projects are expected to boost Bahrain’s non-oil GDP growth by 4.4 percent this year, increasing the size of the overall economy by 3.5 percent, according to Arabian Business.
A research made in June by the country’s Economic Development Board (EDB) said that mega housing, utilities and education projects worth USD3.4 billion will be the main reason behind the kingdom’s growth in non-oil sector.
The Ministry of Housing is aiming to build 15,000 units in the country between this year and 2017.
In 2013, Bahrain’s economy grew by 5.3 percent compared to 3.4 percent rise in 2012.
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