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28/12/2017 - 13:03hs
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Bahrain tourism investment hits USD 13 billion

This Gulf island nation welcomed 8 million tourists in the first nine months of 2017, government sources said.



São Paulo – The first nine months of this year saw USD 13 billion invested in tourism infrastructure in Bahrain, Arabian Business quoted the country’s Economic Development Board (EBD) as saying.

Bahrain News Agency (BNA) reported that the sum went into 14 different tourism and leisure projects, while EBD numbers show that tourist numbers went up 12.8% year-to-date through September.

“The total number of tourists visiting Bahrain 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,” EDB managing director Simon Galpin said. “The tourism sector is one of the key investment sectors we recognize as having a strong competitive advantage for Bahrain,” he went on.

Galpin said tourism contributes 6.3% of Bahrain’s GDP, and that will tend to go up, since tourist arrivals and leisure options are increasing.

Bahrain’s tourism investment projects are part of an infrastructure development effort spanning several industries, with total expenditures expected to exceed USD 32 billion, with government providing USD 10 billion in funding, the GCC Development Fund supplying USD 7.5 billion, and USD 15 billion coming from the private sector.

*Translated by Gabriel Pomerancblum

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