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$1.6bn health island in Bahrain
- Bahrain: Tuesday, November 27 - 2007 at 11:49
A $1.6bn Health Island off the coast of Muharraq is expected to create hundreds of jobs for Bahrainis and make a significant contribution to the economy, reported Gulf Daily News. Officials believe that this new development would turn Bahrain into a regional hub for health tourism. The project is expected to be completed within three to five years time. Around 50 per cent of the development, including the island's beaches and businesses, will be open to the public, while the rest will be within gates and private areas. Set up to execute major development projects, Ithmaar Development Company (IDC), a subsidiary of Bahrain-based Ithmaar Bank will set aside more than half of its $2.9 bn project towards the Health Island initiative.
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Amena Bakr, Senior ReporterTuesday, November 27 - 2007 at 11:49 UAE local time (GMT+4)
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