Bahrain allocates $172m for infrastructure development

Projects include spending $21.7m on building new embassies and residences in the UAE and Kuwait
Bahrain allocates $172m for infrastructure development
Bahrain World Trade Centre, Bahrain economy, Bahrain skyline, Bahrain business
By Staff writer
Mon 03 Nov 2014 01:20 PM

Bahrain has approved $172.3 million (BD65 million) in funding for various infrastructure projects the country is undertaking.

Gulf Daily News reports that 27 tenders worth $83.5m (BD31.5m) were awarded by Bahrain’s cabinet, with a further 30 tenders worth $94.1m (BD35.5m) drafted for approval at a later date.

The projects include the expansion Awal Avenue in Juffair; reclamation of land for the Salman industrial Area in Hidd and building new embassies and residences for diplomatic missions in the UAE and Kuwait, at a cost of $21.7m (BD8.2m).

Bahrain’s Cabinet also approved a diplomatic relations agreement with Cuba, which is hoped to encourage ties between both countries.

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