Bahrain is planning a $30 billion surge in infrastructure projects, which includes 22 major developments such as five artificial islands. The construction market is forecast to grow to $3.17 billion by 2025 and $3.89 billion by 2030, according to a report by Mordor Intelligence. Public-private partnerships are expected to drive much of this growth, in line with Bahrain’s Economic Vision 2030. The government’s efforts to back large-scale construction projects are a key force behind the market’s expansion. Productivity Reforms led by the Economic Development Board are also improving productivity across the building and design sectors. However, the report acknowledges that the industry faced setbacks in 2020 due to the COVID-19 pandemic and falling oil prices. Bahrain stands out in the Gulf for offering comparatively low construction costs. Its designation as a ‘free zone’ allows 100% foreign ownership of businesses and properties. Investors This, coupled with the free movement of profits and capital, makes the country attractive to investors. In 2021, the government allocated BD600 million ($1.6 billion) to fund projects over two years. These funds have supported developments in infrastructure, housing, health, education, sports, culture, and utilities. Economic diversification Among the largest initiatives is a $30 billion plan that includes […]