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Jan-May 2017 construction worth $2.3bn in Bahrain

The figure marks a significant rise over 2016's $1.9bn, with a minister attributing the hike to fast-track construction permit procedures implemented in the kingdom

Construction investments have seen a hike in Bahrain this year. [Representational image]
Construction investments have seen a hike in Bahrain this year. [Representational image]

The value of investments made towards construction projects in Bahrain was estimated at $2.3bn (BHD894m) over the last five months. 

This year's figure marks a significant rise over the corresponding value for 2016, worth $1.9bn (BHD736m). 

Bahrain's Works, Municipalities Affairs, and Urban Planning Minister, Essam bin Abdulla Khalaf, confirmed a tangible increase in construction investment is visible in the kingdom. 

READ: Bahrain body tests more than 2,700 building material samples

Khalaf attributed the hike to fast-track procedures implemented by the country's Comprehensive Municipal Centre. 

Construction permits can be processed and issued within 26 days as part of the fast-track programme, BNA reported.

Last month, it was revealed that non-oil sectors, driven by "unprecedented levels of infrastructure investment", contributed to Bahrain's overall economic growth of 3% in 2016.

Figures released by the kingdom's Economic Development Board (EDB) showed that the country's non-oil sector grew by 3.7% during the year. 

READ: Work commences on new roundabout in Bahrain

EDB's Bahrain Economic Quarterly stated that Bahrain's economic growth in 2016 was 2.9% higher than corresponding 2015 figures, "and came in spite of significant regional and global headwinds". 

Non-oil growth in the country, up from 3.6% in 2015, was driven by sectors such as finance, which grew by 5.2% during the year, and construction which grew by 5.7%.

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Construction Week - Issue 747
Aug 03, 2019