By Sarah Townsend
Hawar Islands scheme will help diversify revenues away from oil dependency, government says
Plans to transform one million square metres of Bahrain’s Hawar Islands into a new tourist resort were unveiled on Tuesday.
A masterplan has been drawn up to develop Northern Dohat in Hawar Islands, a scheme that would total 1.15 m sq m of the overall 3.5 m sq m of the archipelago.
Bahrain’s state news agency said the new development would “turn Hawar islands into a prized tourism destination that would also take into account the need to conserve land and marine wildlife”.
The scheme is intended “to diversify sources of revenues amid acute fluctuations of oil prices”, but funding for the project has not yet been confirmed.
It reported that representatives from Bahrain Real Estate Investment (Edamah), a wholly-owned subsidiary of Bahrain Mumtalakat Holding Company, briefed committee members on details of the project on Tuesday.
No specific details on the scheme’s components were made public. However, during the committee meeting, Sheikh Khalid bin Abdulla Al Khalifa, deputy prime minister and head of the Ministerial Committee for Reconstruction and Infrastructure, issued directives to plan the infrastructure and services required for the project to commence.
He also directed the relevant authorities to study ways of financing the project.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.