Friday, April 01, 2011

Bahrain: Prime Minister Proposes Several Large Government-Funded Development Projects

Source: Embassy of the Kingdom of Bahrain to the United States

His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa yesterday announced a series of mega building projects may be forthcoming.

The Prime Minister said he has commissioned feasibility studies for a number of projects to bolster the nation's infrastructure and return the country to economic prosperity.

"The huge development schemes are aimed at re-energizing the national economy and ensuring it more edge," he said.

He instructed concerned authorities to suggest a list of such projects along with their estimated costs and deadlines.

"The priority should be put first and foremost on housing and infrastructure," the Prime Minister said during a work meeting.

This initiative is part of a series of proposals by the government to return Bahrain to normalcy. Earlier this month the Crown Prince called on all opposition groups to enter a National Dialogue and explore ways to foster reform in Bahrain.

In other developments, the Central Bank of Bahrain (CBB) has been instructed to provide more help to businesses in overcoming negative repercussions resulting from the unrest.

The Prime Minister directed CBB officials to co-ordinate extra measures with banks and financial institutions to help the private sector regain its pivotal role as a driving force of the national economy.

"The government is working hard for the economy to emerge stronger and surmount any negative repercussions," he said.