Abu Dhabi fund projects in Bahrain 90% complete
Nine projects are part of the $2.5 billion UAE grant for developmental projects in Bahrain
Nine development projects being implemented at part of a AED 9.19 billion ($2.5 billion) grant provided by the UAE to Bahrain are more than 90 percent complete, the Abu Dhabi Fund for Development (ADFD) announced following an inspection visit.
As part of the visit, the delegation met with Bahraini officials and reviewed the progress of the development projects, which serve several infrastructure sectors including housing, water, healthcare and transportation.
Since its founding in 1974, ADFD has allocated AED 10.5 billion ($2.86 billion) towards 26 development projects in Bahrain.
"ADFD and the Government of Bahrain enjoy long-standing and strong historic ties that date back over four decades. We have worked together to achieve the Kingdom’s sustainable development goals across a broad spectrum of economic sectors,” said ADFD Director General Mohammed Saif Al Suwaidi.
“The GCC development programme for Bahrain, commissioned in 2013, is sustainable model of development support extended by the UAE to Bahrain managed by ADFD,” he added. “During its recent visit to Bahrain, our technical delegation reviewed the phases of completion of various projects and discussed and coordinated the work flow with officials from different government entities there.”
Among the sites inspected during the recent visit was a AED 2.5 billion ($695 million) housing development in the Norther City, which includes 2,694 housing units, as well as the at AED3.7 billion (US$1 billion) Bahrain International Airport Expansion Project. According to the ADFD, the airport expansion – which includes a 177,000 square-metre new terminal – is 40 percent complete, with the first phase slated for handover by Q2 2019.
Additionally, the ADFD visited the Eastern Sitra Housing Project, which will deliver 4,500 housing units when complete, as well as an expansion of Bahrain’s Sheikh Zayed Road, a water supply project, and AED 440 million (US$120 million) project which is 90 percent complete and scheduled to be completed by Q2 2018.
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