According to latest figures released by the kingdom’s Economic Development Board, Bahrain’s non-oil sector grew by 3.7% in 2016 thanks to numerous infrastructure investments.
It is worth mentioning that the country’s economic growth recorded 2.9% rise than last year.
The Economic Development Board stated that the Kingdom has a bunch of upcoming infrastructure projects with the worth of 32 billion dollars.
One of these upcoming projects is the expansion of the airport with a total value of 1.1 billion dollars.
There is also the new Banagas gas plant with a total value of 355 million dollars.
It is expected that the economic growth in 2017 will remain above the 3% despite the fiscal consolidation.
Jarmo Kotilaine, chief economic advisor to the EDB, mentioned that the non-oil sector has shown great resilience over the past period and this resilience will surely help with the economic stability.