Bahrain has awarded Golden Licenses to four projects with combined investment of $3.89 billion, the Bahrain Economic Development Board said on Sunday.
The licenses were announced at the Gateway Gulf Investment Forum in Manama, which runs on November 1 and 2. The projects span aviation logistics, real estate and technology, the board said in a statement.
DHL will set up its first and only regional maintenance, repair and overhaul facility at Bahrain International Airport to support its growing fleet.
Capital A, the parent company of AirAsia, will lead three aviation ventures. They aim to add flights to the Far East and Europe, expand air cargo capacity in phases and build aircraft maintenance capabilities in Bahrain.
Meliá, in partnership with Infracorp, will develop a waterfront project in Amwaj with a five-star hotel and Meliá-branded residences.
Digital City Bahrain will establish a hub for information and communications technology, innovation and education, designed to attract clusters of technology companies.
The board did not give a breakdown of the $3.89 billion by project or a timeline for the investments.
Non-oil activity accounts for about 86% of Bahrain’s gross domestic product, the board said.
Bahrain’s Minister of Finance and National Economy, Shaikh Salman bin Khalifa Al Khalifa, said at the forum’s opening on Sunday that more than 110 announcements worth over $20 billion would be made during the two-day event.
