FEASIBILITY STUDIES FOR BAHRAIN INTEGRATED TRANSIT LINES

Invitation for the pre-qualification to submit a tender for the above project can be found here.

RAIL LINK WORK TO START SOON

Bahrain’s first rail line, connecting Bahrain Mall with Bahrain’s International Airport, could be underway by the end of next year.

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Bahrain to remain a key center of Islamic finance

Dr. Ahmed Al Mutawa, Chairman of Gulf Finance House (GFH), told Euromoney on Wednesday, “……Bahrain hosts over 30 Islamic Institutions, who continue to reside here due to the supportive and developed regulatory framework fostered by the CBB,” he added.

It is expected that as Bahrain is one of the historical centers of Islamic finance, it will continue to remain that way, despite increased competition from other financial centers in the region and outside.

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Bahrain refinery expansion project ‘to cost $5 billion’

Bahrain’s Sitra crude oil refinery expansion is expected to cost around $5 billion with the completion by 2019, the energy minister said yesterday.

He went on to say ‘The increase in capacity according to the current plan is from 260,000 barrels per day to 360,000 and it will be commissioned by 2019. Financing will be through borrowing, we haven’t finalised this yet.’

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BBK keen on buying Islamic banks

MANAMA: BBK bank’s chairman Murad Ali Murad has said that the bank will consider the acquisition of any Islamic bank provided they offer a feasible business proposition.

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Designs for mega medical city in Bahrain by December

The King Abdullah Medical City project, will be built on a 1-million-sq-m plot of land and will be run by the Arabian Gulf University (AGU) and designed by SaudConsult, following an agreement signed last December.  The development will provide 264 beds, four centres of excellence and research, a college of medicine and student dormitories, as well as accommodation for doctors.

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$22bn of Bahraini projects in pipeline, gov’t announces

It has been announced by the Bahrain Government that there is an estimated $22 billion worth of new projects commencing or already underway in the country.  For more information click here.

 

Increased confidence levels and heightened investor interest expected

The decision by Bahrain’s Government to oversee the completion of stalled residential projects is set to be a major confidence booster.

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Bahrain plans to upgrade wastewater treatment capacity

Bahrain has formally put out to tender the project to expand a Sewage Treatment Plant from a capacity of existing 200,00 cubic metres a day (cm/d) to 400,000 cm/d.

To see the details of the tender click here.

Bahrain to award LNG terminal contract this year

Energy minister says the winning bid will be announced before the end of 2015.

To read more click here.