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Bahrain non-oil sectors to grow by 2.7% in 2017

Bahrain - December 26, 2016
housing project

The non-oil economic sectors in Bahrain are poised to grow by 3 percent in 2016 and 2.4 percent in 2017 thanks to the recently launched development projects.

Bahrain is witnessing many construction works on large-scale projects worth around $32 billion, according to Khalid Al Rumaihi, chief executive of Bahrain Economic Development Board.

He added saying that some projects like the new production line in Alba, Bahrain International Airport expansion, and the new BAPCO refinery underpin long-term productivity growth in the kingdom.

About his prospects for 2017, Al Rumaihi said that the kingdom will see important changes for sake of reducing the reliance on hydrocarbon production.

Examples of these major changes have been already evident in 2016 like rationalizing governmental expenditure and reducing subsidies.

Anyway, Al Rumaihi assured that he is looking forward to the prospect opportunities to be offered due to these major economic changes.

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