Thursday 2 June 2011

Bahrain set to spend Dh60bn on rebuilding economy over two years - The National

Bahrain's government yesterday said it would spend 6.2 billion Bahraini dinars (Dh60.4bn) rebuilding its economy over the next two years as King Hamad bin Isa Al Khalifa lifted the state of emergency a fortnight earlier than planned.

The developments were greeted by business leaders as a sign the kingdom was keen to rebuild its damaged business hub after months of economic instability.

"Actions speak louder than words," said the managing director of an international bank with a presence in Bahrain who did not want to be named. "Clearly they are in the right direction but time will tell."

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