GCC Development Fund encourages more major projects

August 6, 2014 3:22 am

His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier chaired the Cabinet session for the first time, which focused on Bahrain’s growth and development strategies, Gulf Daily News reported. Developing infrastructure and improving housing remains the principal focus of projects being planned using the GCC Development Fund, it was declared in the session. Thirty-seven per cent of the projects already in the pipeline have been allocated for housing. Tenders have already been awarded for projects worth $2bn, ministers heard. Tenders for another $3bn worth of projects will be awarded by the year-end.