Bahrain's tourism infrastructure investment reaches $13 billion

Tourism contributes 6.3% to the country's GDP, the report said

Bahrains tourism infrastructure investment reaches $13 billion.
Bahrains tourism infrastructure investment reaches $13 billion.

Bahrain has invested over $13 billion (AED 47.7 bn) in its tourism infrastructure development according to figures from the Bahrain Economic Development Board (EBD), a report published by Arabian Business said.

The figure, according to Bahrain News Agency, spans across 14 different projects in the tourism sector including the recently opened 263-key Wyndham Grand Manama.

Among some of the great investments made in Bahrain’s Tourism sector this year is the opening of the world’s largest @WyndhamGrandBH property @BahrainBay - boosting the number of 5* hotels in the Kingdom to 18 in total! #InvestBahrain #OursYoursBahrain https://t.co/3mWVr5d0Xl pic.twitter.com/64EtU1UGei

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— Bahrain EDB (@bahrainedb) December 27, 2017

 

The EBD figures also revealed the numbers of tourists visiting Bahrain went up by 12.8% in the first nine months of 2017 — a figure that’s expected to go up as Bahrain invests in more in tourism and leisure activities, the report further stated.

Bahrain EDB managing director Dr. Simon Galphin said: "The total number of tourists visiting Bahrain has reached 8.7 million during the first nine months of this year, a significant number considering our resident population of only 1.5 million people"

According to Dr. Galphin, tourism contributes 6.3% percent towards the country’s Gross Domestic Product (GDP).

"The tourism sector is one of the key investment sectors we recognise as having a strong competitive advantage for Bahrain,” Dr. Galphin added.

Bahrain's tourism sector is a key investment sector with over $13BN worth of projects underway to support the growing number of visitors & leisure activities including investments in hotels, retail and leisure developments. #InvestBahrain #OursYoursBahrain https://t.co/qyj5EcX0P0 pic.twitter.com/rVnZfpeYMi

— Bahrain EDB (@bahrainedb) December 27, 2017

However, the tourism infrastructure investments are part of the larger infrastructure development campaign planned across various sectors in Bahrain which are collectively valued at $32 billion.

Out of the $32 billion, $10 billion accounts for government funding, $7.5 billion from the GCC Development Fund and $15 billion from the private sectors, the report said.

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