Bahrain

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Bahrain has moved forward with plans to improve national infrastructure as part of its economic development strategy, announcing a series of tenders relating to the upgrade and expansion of the country’s airport.

Continued fiscal consolidation and reform, combined with steady growth, were the hallmarks of Bahrain’s year in 2017, with a similar outlook forecast for the coming 12 months.

Bahrain’s bid to carve a niche as a regional centre of ICT innovation took a step forward following the decision by Amazon Web Services (AWS) to base its first Middle Eastern cloud technology data centre in the kingdom.

Rising demand for residential and retail development is driving rapid expansion in Bahrain’s real estate sector, with billions of dollars worth of mixed-use projects to be launched in the near future, while new regulatory measures have been issued aimed at increasing market stability and long-term growth.

Several new projects will expand Bahrain’s power generation capacity, as the kingdom aims to meet rising demand from both residential and industrial consumers.

The kingdom of Bahrain launched another round of conventional bond and sukuk (Islamic bond) issuances last month, as the government looks to bridge projected fiscal deficits for both this year and next.

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