Construction grows 4% in Q2 as non-oil sectors drive Bahrain economy
IGA says Bahrain's construction sector expanded in Q2 2019, whilst real estate noted a decline of 3-4% during the period
Bahrain's economy recorded growth of 0.84% in Q2 2019 compared to the same period last year following improved performance by the kingdom's non-oil sectors, the kingdom’s Information and eGovernment Authority (IGA) announced.
Bahrain’s construction sector grew by 3.96% at constant prices and 4.51% at current prices, compared to the previous year, while real estate and business activities recorded a decline of 4.69% at constant prices and 3.28% at current prices.
According to Bahrain's state news agency, BNA, the kingdom's hotels and restaurants sector achieved the highest growth rate of 8.66% at constant prices and 10.65% at current prices, compared to the previous year.
The transportation and communications sector noted a 3.43% growth at constant prices, and 8.72% improvement at current prices.