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Bahrain. New infrastructure projects and Economic Recovery Plan

Bahrain has released the broad outlines of its Economic Recovery Plan, which envisages strategic projects worth USD 30 billion, including the construction of five new urbanised areas on man-made islands in the archipelago to increase the total area of the country by 60%. The Plan includes 22 major initiatives in key sectors including telecommunications, tourism, education, manufacturing, and healthcare. The most ambitious element is a project that will involve five islands in the archipelago, of which the largest is Fasht al-Jarim. The project covers 183 square kilometres and will be a residential, logistical and tourist centre, including a new airport. In this regard the Economic Development Board (EDB) has announced the launch of the web platform by means of which investors can access opportunities to invest in the Kingdom’s strategic projects.