Bahrain to build huge economic and industrial city
Government official: The project is due to undergo a feasibility study
Bahrain is to construct a multi-billion dinar economic and industrial city, according to the Kingdom’s industry and commerce minister.
Speaking to reporters from Trade Arabia, Hassan Fakhro said the go-ahead for the project had been given, and that a feasibility study was to begin soon.
“A reputed international company will begin the feasibility study on the project, which is in line with His Majesty King Hamad's vision,” he said, adding that the project was to employ thousands of Bahraini nationals. No other details of the project, including its timeline for construction or its locations, were announced.
Separately, Fakhro mentioned that one major international building and construction company had decided to make Bahrain its headquarters, having looked for a base in several GCC countries.
He added that the firm, to remain unnamed, was investing a very large sum of money over the next few years and also set to employ a large number of Bahrainis.
Recently in the country, 22 new industrial projects had been approved, with 500 applications to carry out projects awaiting approval.