We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Thu 2 Jul 2020 07:55 AM

Font Size

- Aa +

Saudi Arabia to Bahrain causeway said to reopen late July

The King Fahd Causeway shut on March 7 as part of the precautionary measures implemented by Saudi Arabia

Saudi Arabia to Bahrain causeway said to reopen late July

Bahrain’s tourism revenues have fallen by 4 million dinars ($10.6 million) a day during the pandemic, according to a report by the Bahrain Tourism & Exhibition Authority.

The roadway linking Bahrain to Saudi Arabia is expected to reopen on July 27, Asharq Al-awsat newspaper reported citing people familiar with the matter, ending a costly closure introduced to stop the spread of the coronavirus.

The King Fahd Causeway shut on March 7 as part of the precautionary measures implemented by Saudi Arabia.

Bahrain’s tourism revenues have fallen by 4 million dinars ($10.6 million) a day during the pandemic, according to a report by the Bahrain Tourism & Exhibition Authority.

That’s exacerbating an economic downturn also fuelled by the fall in oil prices. S&P Global Ratings forecast Bahrain’s economy will shrink 5% this year, although it said government stimulus measures should provide some support. The ratings company expects a rebound in 2021 as crude prices recover and regional activity increases.

Bahrain, the smallest among economies of the six Gulf Cooperation Council members, has the added protection of a $10 billion bailout package secured from its regional allies in 2018.

Arabian Business: why we're going behind a paywall

For all the latest transport 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.