Bahrain’s cabinet have approved plans to invest $48 million (BD18.1 million) revamping historic buildings and renovating houses in the Muharraq area.
Under the project, 15 out of the 17 historic buildings on a UNESCO World Heritage List will be revamped and rehabilitated.
The project also includes the restoration and rehabilitation of 12 other historical buildings, the establishment of 18 public open spaces, four car parks for the visitors and residents of the area, renovation of the facades of 750 houses, as well as the establishment of a visitor information centre and a pedestrian bridge, the spokesperson told Gulf Daily News.
The cultural project was approved as His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa chaired the weekly Cabinet meeting at Gudaibiya Palace.
The Islamic Development Bank has granted Bahrain a loan of BD18.1 million ($48m), up from an initial BD15m, to fund the project.For all the latest business 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.
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