Bahrain has invested over $13 billion (AED 47.7 bn) in its tourism infrastructure development according to figures from the Bahrain Economic Development Board (EBD), a report published by Arabian Business said.
The figure, according to Bahrain News Agency, spans across 14 different projects in the tourism sector including the recently opened 263-key Wyndham Grand Manama.
Among some of the great investments made in Bahrain’s Tourism sector this year is the opening of the world’s largest @WyndhamGrandBH property @BahrainBay - boosting the number of 5* hotels in the Kingdom to 18 in total! #InvestBahrain #OursYoursBahrain https://t.co/3mWVr5d0Xl pic.twitter.com/64EtU1UGei— Bahrain EDB (@bahrainedb) December 27, 2017
The EBD figures also revealed the numbers of tourists visiting Bahrain went up by 12.8% in the first nine months of 2017 — a figure that’s expected to go up as Bahrain invests in more in tourism and leisure activities, the report further stated.
Bahrain EDB managing director Dr. Simon Galphin said: "The total number of tourists visiting Bahrain has 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"
According to Dr. Galphin, tourism contributes 6.3% percent towards the country’s Gross Domestic Product (GDP).
"The tourism sector is one of the key investment sectors we recognise as having a strong competitive advantage for Bahrain,” Dr. Galphin added.
Bahrain's tourism sector is a key investment sector with over $13BN worth of projects underway to support the growing number of visitors & leisure activities including investments in hotels, retail and leisure developments. #InvestBahrain #OursYoursBahrain https://t.co/qyj5EcX0P0 pic.twitter.com/rVnZfpeYMi— Bahrain EDB (@bahrainedb) December 27, 2017
However, the tourism infrastructure investments are part of the larger infrastructure development campaign planned across various sectors in Bahrain which are collectively valued at $32 billion.
Out of the $32 billion, $10 billion accounts for government funding, $7.5 billion from the GCC Development Fund and $15 billion from the private sectors, the report said.