Bahrain’s construction output contracted by an estimated 0.2% in real terms in 2020, as the industry faced disruptions due to the COVID-19 pandemic and movement restrictions to prevent its spread, a report from GlobalData has found. The drop in oil prices has further compounded the problems facing Bahrain’s construction industry, as the Kingdom is heavily dependent on oil revenue, the report adds. However, it points out that investments in infrastructure, oil and gas, and renewables is expected to drive a recovery for the industry in 2021, with an expected real growth rate of 2.1%. Furthermore, the report reveals that the Kingdom’s construction industry is expected to grow at an average rate
Hence then, the article about bahrain construction output expected to grow at 2 1 in 2021 was published today ( ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Bahrain construction output expected to grow at 2.1% in 2021 )
Also on site :
- Dr Charles Knowles is a leading surgeon, professor... and a recovering alcoholic. This is the shocking amount he was drinking at his lowest, how he stayed functional and how he finally turned his life around
- Rapper jailed for his role in brutal gang war flaunts luxurious lifestyle and hangs out with Amir Khan in Dubai - just days after being deported from Britain to Jamaica
- Women& 039;s Authority in Al-Haymah Al-Dakhiliyah District Holds Protest