Bahrain's economy witnessed an all-time high growth in the second quarter of this year, according to the report issued by the Economic Development Board, with real GDP rising to an annual 2.4 percent from the previous quarter, supported by a rise in crude prices and an expansion of the non-oil private sector.
According to the report, the purchasing power, which has regained regional momentum, will lead to growth in the foreign tourism sector. The Bahraini tourism sector will continue to grow at several levels, with the number of tourists increasing by 5.8% year-on-year. The average number of nights spent by tourists in Bahrain rose by 16 percent.
Bahrain's non-oil GDP grew by 2.8 percent in the second quarter, driven by the growth in the construction sector at 6.7 percent and the manufacturing sector at 4.5 percent. The continued expansion of the construction sector is due to the increase in the total number of infrastructure projects in the Kingdom, which amounted to 87.3 billion dollars in mid-September, achieving a 3.8 percent growth year on year.
Source (Al-Hayat newspaper, Edited)
