(CNN) – Bahrain has long relied on its fossil fuel reserves, but with oil running out, the island nation is looking to diversify its economy. Now, it’s hoping a $427 million waterfront development project will help it catch up with more popular tourist destinations in the Gulf and establish the country as a beach-holiday hotspot. The development will bring new beaches, floating restaurants, luxury hotels, and water-based attractions to Bahrain’s coastline, as well as a $221 million exhibition center that’s set to be the largest in the Middle East. The Bahrain Tourism and Exhibitions Authority (BTEA) began the beachfront development master plan in 2017 and the development is due to be complet
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