Saudi Arabia’s ambassador to Bahrain has stated publicly that the tender for the King Hamad Causeway, a 25km road and rail bridge that will cross the Gulf of Bahrain, will be launched in six months. The estimated construction cost is between US$3 and 4 billion.
Infrastructure/PPP news in Bahrain
An advisor to the Transport Minister of Bahrain has stated publicly that the Ministry plans to tender its first metro project next year. The metro rail system will span 109km and cost between US$1.5 and 2 billion to construct.
Atkins, a design, engineering and project management consultancy, has appointed Phil Malem as managing director for its transportation and infrastructure business, Middle East & Africa.
Bahrain Mumtalakat Holding Company, the investment arm of the Kingdom of Bahrain, has announced its successful acquisition of an equity stake in KOS Group, a leading European healthcare group focused on longterm care and rehabilitation services, with additional activities in hospital equipment management, diagnostics and cancer care services. This investment reflects Mumtalakat’s continued commitment to grow its portfolio across multiple sectors and geographies.
A consortium composed of Teekay LNG Partners L.P., Samsung C&T and Gulf Investment Corporation (GIC) recently executed with the Government of the Kingdom of Bahrain the project agreements for the development of an LNG receiving and regasification terminal in Bahrain.
Egis has acquired a 51% stake in Projacs, a project and construction management firm in the Middle East.
The Bahrain Ministry of Works, Municipalities Affairs and Urban Planning has received bids from nine teams for the development of a waste to energy project.
Arab Shipbuilding & Repair Yard Company (Asry) has signed a build, operate and transfer (BOT) contract for the completion and upgrading of the Asry reverse osmosis sea water desalination plant in Bahrain.
Ithmar Development Co., the company sponsoring the Bahrain Affordable Housing PPP project, has selected Hill International to provide project management services.
The President of the Islamic Development Bank (IDB) Group, announced on Thursday the launch of the US$2 billion Islamic Development Bank Infrastructure Fund II (the IDB Fund II) on the occasion of the 40th anniversary of the IDB.
Naseej, Bahrain's real estate and infrastructure company, announced the successful reservation of its housing public private partnership (PPP) project.
According to sources, Bahrain issued last week an edict approving privatization policies and regulations.
Naseej, Bahrain's real estate and infrastructure company, announced on October 26th that it has got financing for the region's first ever housing public private partnership (PPP).
The project is the first wastewater treatment plant procured by the Government of Bahrain on a PPP basis.