Bahrain’s Economic Development Board attracts nearly $40m in tourism investments ahead of industry’s bounce back
Published 08 Nov,2021 via bizbahrain - Bahrain’s Economic Development Board (EDB) has attracted almost $40 million (BD 15 million) worth of investments in the Kingdom’s tourism sector to date, which will help to create some 260 jobs over the next three years.
Bahrain’s EDB is seeking to capitalise on the growth of the country’s tourism sector as meaningful international travel resumes. The Kingdom’s national carrier, Gulf Air, announced last month that around 80% of the airline’s pre-pandemic flights will resume from the summer season and Bahrain is appearing on more travel green lists across markets.
Among the key tourism investments was Remza Investment Company’s addition of Turkish hospitality brand, Gunaydin, to its portfolio. Located at The Terminal, one of Bahrain’s unique real estate developments, Gunaydin’s $6.5 million investment will be its first restaurant in the Kingdom. The outfit will create 80 jobs over three years and add to the wide variety of international restaurants springing up in the country.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
BizBahrain