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FINANCIAL NEWS
Growth in Bahrain’s non-oil sector accelerates to 4.4pct in Q1
13 Aug 2017
(MENAFN) Growth in the non-oil sector of Bahrain’s economy hit 4.4 percent in the Jan-March period of the year, up from 3.7 percent amid 2016.
Additionally, the increase was driven by strong performance through the sector, with momentum continuing to be supported by large-scale infrastructure projects.
Meanwhile, through the cited period of the year the Bahraini economy grew to 2.9 percent, in line with the 3 percent pace seen in 2016.
Furthermore, hotels and restaurants emerged as the fastest increasing single sector amid the period, recording a 12.3 percent year on year real rate of expansion.
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MENAFN1308201700450000ID1095725342
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