The government of Bahrain has announced new details about its post-pandemic economic recovery plan, under which more than $30 billion will be invested in the country’s infrastructure. It is designed to drive growth, boost employment for citizens and attract $2.5bn in foreign direct investment by 2023.

Sheikh Salman bin Khalifa Al Khalifa, Bahrain’s Minister of Finance and National Economy, described the plan as an investment in not only Bahrain’s physical infrastructure, “but in the future prosperity of the kingdom’s people”. “New and existing industries will be stimulated and private sector growth in the tourism and entertainment sectors will be driven forward by infrastructure and telecommunications investment, with connectivity both within the kingdom and overseas elevated for the efficient movement of goods, services, and people.”

New projects include the creation of five communities on newly constructed islands, and increasing Bahrain’s total land area by more than 60 percent. Transport connectivity will be complemented by technology investment in land and sea fiber optics, connecting all regions of the kingdom and enhancing competitiveness.

Source Credit: The National