Bahrain expects non-oil sector to drive economy

May 13, 2014 10:27 am

Bahrain’s Economic Development Board (EDB) has said the launch of infrastructure projects worth $4.43bn is expected to drive growth of the kingdom’s non-oil sector in 2014, Gulf Daily News has reported. EDB said in its first Bahrain Economic Quarterly (BEQ) for this year it expects non-oil growth to accelerate to more than 4%, and even as the oil sector is likely to remain more or less flat, headline GDP growth should come in at 3.5-4%. The EDB’s current estimate is 3.7%.