BD156mln in new projects licensed across Bahrain in 2024

TDT | Manama

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Official figures show that BD156 million was invested in new projects across Bahrain last year.

The Ministry of Municipalities Affairs and Agriculture granted licences for nine schemes in 2024, covering nearly 387,204 square metres throughout the kingdom.

The largest sum went to the Capital Governorate, where a twin-tower residential block was licensed at BD54.454 million, the most costly housing project of the year.

Residential site

Another residential site of villas and flats was given the go-ahead for BD19.150 million.

The National Bank of Kuwait is also set to build a new BD11.2 million branch in the capital, marking continued activity in both housing and banking.

In education, St Christopher’s School will open a new campus in the Southern Governorate, with a price tag of BD16.262 million.

Private school

The north will see a private school built at BD14.456 million. Industry was not left out. A new factory was licensed in the south, set at BD10.6 million.

Muharraq saw approval for two mixed-use developments, one at BD14.191 million and another at BD9.6 million, each including homes and shops.

Demand for family housing in the north has led to a further BD6.145 million residential compound.

Growth

According to the ministry, these projects are part of plans to keep growth steady across the kingdom and to make the process of investing more straightforward.

New housing, schools, shops and factories all featured among the permissions granted last year.

The ministry added that these developments tie in with Bahrain’s economic plans, aimed at improving daily life and drawing new money to sectors that matter.