Bahrain's tourism infrastructure investment reaches $13 billion

Bahrain's tourism infrastructure investment reaches $13 billion
Bahrains tourism infrastructure investment reaches $13 billion.
Published: 31 December 2017 - 2:18 a.m.
By: Shishira Sreenivas

Bahrain has invested over $13 billion (AED 47.7 bn) in its tourism infrastructure development according to figures from the Bahrain Economic Development Board (EBD), a report published by Arabian Business said.

The figure, according to Bahrain News Agency, spans across 14 different projects in the tourism sector including the recently opened 263-key Wyndham Grand Manama.

 

The EBD figures also revealed the numbers of tourists visiting Bahrain went up by 12.8% in the first nine months of 2017 — a figure that’s expected to go up as Bahrain invests in more in tourism and leisure activities, the report further stated.

Bahrain EDB managing director Dr. Simon Galphin said: "The total number of tourists visiting Bahrain has reached 8.7 million during the first nine months of this year, a significant number considering our resident population of only 1.5 million people"

According to Dr. Galphin, tourism contributes 6.3% percent towards the country’s Gross Domestic Product (GDP).

"The tourism sector is one of the key investment sectors we recognise as having a strong competitive advantage for Bahrain,” Dr. Galphin added.

However, the tourism infrastructure investments are part of the larger infrastructure development campaign planned across various sectors in Bahrain which are collectively valued at $32 billion.

Out of the $32 billion, $10 billion accounts for government funding, $7.5 billion from the GCC Development Fund and $15 billion from the private sectors, the report said.

 

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